FRANKFURT, June 12 (Reuters) - Deutsche Bank's

origination and advisory business is not as strong as

the German bank had expected at the beginning of the year, CEO

Christian Sewing said on Thursday.

Sewing said at a financial conference that the deal-making

business will be weaker in the second quarter than executives

had planned at the start of 2025 as companies postpone decisions

in the wake of U.S. tariff policies.

"Will it be weaker than we initially thought? Yes. But

to be honest, we talk about a lot of delayed, but not cancelled,

deals," Sewing said.

Deal-making has slowed this year as U.S. President Donald

Trump's tariffs on trading partners fanned turmoil in markets

and sparked concerns about slowing economic growth. Other big

banks, including Bank of America ( BAC ), have also warned of a

slowdown in the business.

Sewing said he was optimistic about Deutsche's other

business lines, like the corporate bank and retail bank, and

Deutsche Bank is sticking to its targets, he said.

This is a

crucial year

for Deutshe Bank, Germany's largest lender, as it faces a

deadline to meet ambitious targets on costs and profitability.