During Deutsche Bank’s annual investor conference, CEO Christian Sewing was pressed to clarify whether he supported a recent analyst report suggesting European institutional investors might divest large holdings of U.S. Treasury securities. The report, authored by a senior rates strategist in Deutsche Bank’s research division, projected that euro-area insurers and pension funds could reduce Treasury exposure by as much as €200 billion over the next 12 months. Sewing stopped short of endorsing the forecast, signaling concern over potential fallout with the U.S. Treasury Department, which remains a key client for Deutsche Bank’s primary dealer operations. Investors will be watching closely to see if the bank revises its outlook on cross-Atlantic capital flows or issues a formal correction, as any shift could influence global bond market liquidity and Deutsche Bank’s fixed-income revenue streams.

Germany’s DBV labour union has formally demanded a 7% salary increase for up to 8,000 Deutsche Bank group employees, citing the bank’s robust capital position and a return to sustained profitability. Union representatives pointed to Deutsche Bank’s Common Equity Tier 1 ratio of 13.5%, well above regulatory requirements, and net income of €2.6 billion in the most recent quarter as evidence that the institution can absorb higher personnel costs. The union is negotiating for improved base salaries, expanded bonus eligibility for junior staff, and enhanced pension contributions. Management has indicated it will consider the request in light of ongoing cost-containment targets, with potential implications for the bank’s cost-income ratio and dividend policy if an agreement is reached.