Deutsche Bank’s strategy in light of these underlying trends is clear: we stay the course. We remain committed to Phase 3 of our management agenda, leveraging our global platform to accelerate global growth. We will maintain strict cost, risk and capital discipline. We will invest in our core businesses, through both organic growth and focused acquisitions. We will build out our “stable” businesses and expand on our competitive edge in investment banking. We will retain our focus on unlocking synergies across complementary business lines.
