It is not unexpected that US banks have to make more provision for loans at risk of default at the end of the first half of the year due to the looming recession.
Their quarterly profit declines of between 25 and 50 percent, which were reported by JP Morgan, Bank of America, Goldman Sachs, Citigroup and Morgan Stanley, remained within this range because, in turn, securities trading flourished in the face of sharply fluctuating bond prices.
Both effects will probably also be seen in Deutsche Bank's quarterly balance sheet, which is scheduled to be published on July 27th.
It is exciting to see whether Deutsche Bank will also set aside money for the lax use of company cell phones by its employees.
Bank of America has now set aside $200 million for "widespread misconduct with personal devices," and JP Morgan paid a similar fine in December.
This shows how closely banks are now being supervised, especially in the USA.
Deutsche Bank is also having trouble with Whatsapp there because these text messages cannot be saved as desired by the regulator.
In almost every industry there is likely to be a mixture of personal and business messages, but the financial industry is rightly the least tolerated.