In 2022, Deutsche Bank finally successfully completed the restructuring initiated in the summer of 2019.

Whether the goal of a return on equity (Red) of 8 percent for the year as a whole set by bank boss Christian Sewing was actually achieved will not be known until February 2, when Deutsche Bank presents its business figures for the fourth quarter.

But until the very end, Deutsche Bank was on course.

And the business figures of the US competitors, which were presented on Friday, do not stand in the way of this either, although JP Morgan issued a warning shot for the entire industry.

The largest US bank dampened expectations of analysts, who are counting on high interest income in 2023.

Apparently they underestimated the fact that banks now not only grant loans at higher interest rates (which is pleasant for them), but also have to offer customers in the USA higher interest rates on their deposits.

In Deutsche Bank's home market, however, the banks' fight for deposits has not yet really got going because of the later and slower rise in interest rates in Europe.

Deutsche Bank in particular is considered reluctant to quickly improve its conditions for savings customers.

This pleases the shareholders, but also shows that the competition between banks and savings banks in this country is not as tough as is often claimed.