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DEUTSCHE BANK CEO ROLF BREUER FROWNS DURING A NEWS CONFERENCE IN FRANKFURT, 2001-08-01 (photo)

IMAGE number
REU7903921
Image title
DEUTSCHE BANK CEO ROLF BREUER FROWNS DURING A NEWS CONFERENCE IN FRANKFURT, 2001-08-01 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-08-01
Image description

Rolf Breuer, CEO of German Deutsche Bank AG frowns during the semi annual news conference in Frankfurt, August 1, 2001. The bank's Corporate and Investment Bank unit saw its return on equity (ROE) fall to 25% from 33% a year ago, while the ROE at the Private Clients and Asset Management unit dropped to 26% from 69% a year ago. Despite having adopted the most aggressive cost-cutting program of the top four German blue-chip banks, Deutsche Bank was only able to stabilize costs at EUR5.5 billion in the second quarter. MAD/

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REUTERS / Bridgeman Images
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