Deutsche Bank Q2: Strong Investment Banking, Asset Mgmt. Performance Help Overcome Legal Charges

Deutsche Bank reported better-than-expected results for a second consecutive quarter on Thursday, July 30, thanks to another solid run by the investment banking arm and a record performance by the asset management division. This strong performance helped the German banking giant overcome a €1.2 billion legal charge over its legacy U.S. mortgage-related lawsuit to report its best second quarter results since Q2 2011. The fact that loan provisions fell to just €151 million ($165 million) in Q2...