Deutsche revival plan: this time it's different

摘要

This time it's different. No, really, it is. So says DEUTSCHE BANK boss Christian Sewing, who has laid out a far-reaching plan to turn around the German bank's fortunes. Sewing hopes a leaner, more focused and efficient bank will spark a rally in Deutsche's depressed shares. After a brief warm welcome, investors have shown limited enthusiasm for the plan, however. Shares are down 4% at below €7 since it was unveiled. That's a paltry 0.2 times book value - reflecting how far investors believe Deutsche is destroying value.