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Stock impact report

Humbled Deutsche Bank faces battle in its own backyard [Reuters]

CYPRESS SEMICONDUCTOR (CY) 
Last cypress semiconductor earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cypress.com
Company Research Source: Reuters
Humbled Deutsche Bank faces battle in its own backyard - Reuters 11 Min Read FRANKFURT (Reuters) - Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery. In an attempt to draw a line under years of scandals and heavy losses, Sewing is pulling back from investment banking and rebuilding Deutsche Bank’s corporate division by deepening existing relationships and attracting clients beyond its traditional blue-chip customers. But when Deutsche has tried to expand its business with Zalando by offering to hold more of its cash for free, rather than charging a fee, Zalando has declined. The company, whose revenue has grown to 5 billion euros ($5.6 billion) in the 11 years since it was founded, wants to continue to spread its risk by leaving its cash with a wide range of institutions, sometimes for a fee. “Deutsche Bank is a systemically relev Show less Read more
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