DEUTSCHE BANK FALLING BEHIND? – Europe’s Biggest Investment Bank, Deutsche Bank, have reported a 10% decline in revenues for their 2nd quarter to $6.62bn, this is their weakest quarter in 3 ½ years. Earnings dropped by 16% as income from trading and transaction banking fell. John Cyran, CEO of Deutsche bank has said “Revenues were not as universally strong as we would have liked, in large measure because of muted client activity in many of the capital markets.” Even though revenues took a hit, profits were higher than expected according to Markus Riesselmann, an Analyst with Independent Research who said, ”lower credit loss provisions and progress on cost cuts helped the bank achieve a better-than-expected profit.” With banks continuously cutting costs, it is likely that we will see revenues fall and profit either remain the same or have marginal impact in the near term. #SpartanInternational