“Our balance sheet has never been in such a strong position,” Chief Financial Officer Marcus Schenck said on a conference call with analysts on Thursday. “It is the strength of our capital, liquidity and funding that affords us the flexibility to execute our strategic priorities.”
Deutsche Bank exceeds the current minimum threshold and is “well on track” to meet future requirements, Schenck said. The company still faces more legal costs as well as what the CFO on Wednesday called potentially “draconian” changes to capital standards.
“I don’t see their capital strength in danger, but it isn’t good to see that their day-to-day business is suffering,” said Huenseler. “We have to assume it will continue to suffer.”