Deutsche bank: Stirred, not shaken

Josef Ackermann’s bravado surely can’t be shaken, not if it wasn’t undone by last quarter’s horror show. The Deutsche Bank boss remains confident about his investment-banking-heavy business model. He thinks the group can power through a financial crisis and potentially deep recession, despite reporting its first annual loss since just after the Second World War. Such steely resolve is usually a comfort to investors. But not all of them share Ackermann’s iron-clad view that Deutsche Bank can sur...