Deutsche Bank’s deal-making business has underperformed expectations in 2025, according to CEO Christian Sewing. Speaking at a conference in London on June 12, 2025, Sewing noted that while the bank anticipated a recovery in its investment banking sector, particularly in mergers and acquisitions (M&A), the results have been disappointing. He attributed this to a slower-than-expected rebound in deal activity, despite earlier optimism about improving market conditions.
The bank, one of Europe’s largest investment banks, had forecasted a revenue increase of up to 8% for its investment banking division in 2025. However, Sewing indicated that achieving this target would be challenging due to persistent market uncertainties, including geopolitical tensions and economic slowdown concerns. He emphasized that while some sectors, such as debt capital markets, showed resilience, the overall M&A environment remained subdued.
Sewing also highlighted Deutsche Bank’s efforts to diversify its revenue streams, focusing on strengthening its wealth management and retail banking divisions to offset weaknesses in deal-making. The bank remains committed to cost discipline and operational efficiency to navigate the challenging environment.
Despite the setbacks, Sewing expressed confidence in the long-term outlook, citing improving client sentiment and potential for a stronger recovery in 2026 as markets stabilize.
