Deutsche Bank making progress on turnaround - ECB source

Deutsche Bank lands on federal list of ‘troubled’ banks

"HNA remains committed to Deutsche Bank's long-term success and looks forward to continuing to work with the management team in support of that goal", a spokesman for HNA said.

Deutsche's newly appointed chief executive Christian Sewing, who unexpectedly replaced John Cryan in early April, last week sought to reassure investors that the bank is ready to do what it takes to return to profitability.

Shares in the lender closed at a record low on Thursday after reports that USA regulators had Deutsche Bank's operations in the country on a list of problem banks.

Deutsche Bank AG (NYSE:DB) reported its EPS in the last quarter as $0.38/Share beating the analyst estimate of $0.36/Share by a difference of $0.02. But S&P said the strategy's "significant execution risks" had played a part in its move to cut Deutsche's credit rating from A- to BBB+.

Sewing said the bank's credit and market risk levels had rarely been so low, speculation that it was exposed to political uncertainty in Italy was unfounded, and funding plans for this year were well advanced. The company's USA -listed shares are on track to close at their lowest level in almost two years.

A spokesperson for the bank said in a statement to the Journal: "We have previously indicated that our regulators have identified various areas for improvement relating to our control environment and infrastructure".

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Therefore, the stated figure displays a quarterly performance of -29.43%, bringing six-month performance to -41.31% and year to date performance of -41.78%.As of now, Deutsche Bank Aktiengesellschaft has a P/S, P/E and P/B values of 0.81, 0 and 0.3 respectively.

Deutsche Bank declined to comment on the WSJ report and on its relations with the Fed, but said it was working to remedy weaknesses in its USA business identified by regulators, which it said did not affects its ability to serve clients.

S&P had rated Deutsche's long-term credit at A- on negative credit watch.

"We have made progress in remediating them over the past year", he wrote.

But he admitted that the newsflow was "not good". "We're not yet where we want to be, but we are steadily getting there".

The label has forced Deutsche to get the Fed's approval for decisions including hiring and firing senior managers, reassigning job duties and making severance payments, the Journal reported. Deutsche Bank AG (NYSE:DB) has a 20-Day average volume of 4.93 Million. Although many analysts see Deutsche Bank's ongoing decline in revenue as a particular problem, Mr Sewing has zeroed in on cutting costs, saying on Tuesday that it's "probably the most pressing issue" facing the lender, and is "what we can really influence".

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