Deutsche Bank: special focus

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Euromoney's recent coverage of the German universal bank.

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The titanic struggles of German banking
November 2016
The decline of Deutsche Bank may be grabbing the headlines, but the woes of German banking run far deeper. Low interest rates and tighter regulation are hurting all the private-sector banks. That simply adds to concerns that Germany’s banks cannot, or perhaps in politicians’ eyes should not, be profit-hungry institutions. But are the statebacked banks that still dominate German banking reaching a limit on their ability to fund themselves? And does that mean that the famed three-pillar system is heading for disaster?

Against the tide: Europe’s banks still in trouble
November 2016
There are wider implications for Europe in the problems facing Deutsche Bank, Germany’s largest bank. Deutsche’s dilemmas are just an oversized example of the structural frailties of the entire European banking sector. 

Off message: Lay back on the long reads
November 2016
So what prompted this rumination of mine on long read journalism? Well, the other day I decided to take a look at how Deutsche Bank was doing in managing its external communications. What I found was rather striking. 

Basel IV capital demands spell trouble for AT1
October 2016
Deutsche crisis hits AT1 bonds again; new trigger language needed.

Regulation: Conduct costs will haunt banks
October 2016

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Deutsche Bank’s $14 billion claim from the US Department of Justice against its legacy US RMBS business is just the latest – if perhaps one of the most lurid – bank litigation claim in recent years. 

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Macaskill on markets: Clawbacks should be a priority at Deutsche Bank and Wells Fargo
September 2016
Deutsche Bank and Wells Fargo should make clawbacks of executive compensation a priority as they try to manage crises that threaten their viability. Deutsche faces the most pressing threat, as a potential fine of up to $14 billion for mortgage-backed securities malpractice has caused its shares to slump and raised the chance it will be forced to seek German state support.   

Sideways: Deutsche bank – a whistleblower battles on
September 2016
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It has been over a month since Eric Ben-Artzi publicly declined his half share of a whistleblower award of $16.5 million for telling regulators about Deutsche Bank’s inflation of the value of a $98 billion credit derivatives portfolio during the financial crisis.

Deutsche totters on the brink once again
September 2016
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CEO John Cryan had hoped to remove uncertainty overhanging Deutsche Bank’s stock by speeding up the resolution of litigation, but the Department of Justice’s opening claim for $14 billion over RMBS refocuses attention on the bank’s weak capital.

DoJ 1MDB complaint analysed: how the named banks fare
July 2016
Who comes out best and worst from the DoJ report into 1MDB? Deutsche Bank makes a significant appearance.

Europe’s bank stability is in question, say country risk experts
July 2016


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Deutsche Bank is a major concern in the wake of a record loss pressuring its share price and forcing branch closures, amid rumours that the institution might be split up.

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Rodgers produces a book that’s worth shouting about
July 2016
Kevin Rodgers, the former head of foreign exchange at Deutsche Bank, has written a book about his 30 years in financial markets that should be read by anyone working in the industry today.

Conception and delivery, Deutsche-style 
July 2016 
When Deutsche Bank launched its magazine Konzept in November 2014, then co-CEO Anshu Jain described it (rather bizarrely for a print magazine) as "a new way of delivering its best ideas to clients and the wider world".

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Deutsche Bank lapse prompts AML reassessment
June 2016
Deutsche Bank pledges to update anti-money laundering (AML) processes after failings uncovered by the Financial Conduct Authority (FCA) in a move that's pushing other banks to reassess their own operations.

Sideways: SoFi and the Deutsche Bank connection 
June 2016 
SoFi is becoming increasingly reliant on former Deutsche Bank staff as it seeks to expand the use of complex financing structures to fuel growth in its loan sales.

Bank capital: Deutsche offers sub-debt solace
June 2016
Deal shows appetite after February sell-off; bank’s tier-2 issuance could herald TLAC surge.

All change in the 2016 Euromoney FX rankings
May 2016
Citi retains top ranking while Deutsche plummets.

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Can Cryan halt Deutsche Bank's decline?
March 2016

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Deutsche Bank has come to the end of an era. The question is whether or not it is approaching the end of its empire as well? Respected across the industry for his intelligence and integrity, John Cryan needs plenty of both to restructure Deutsche. It succeeded for years in building too large a version of exactly the wrong sort of investment bank for today’s markets. A bank that once had a clear identity in global finance is struggling to present a vision of what it will be in the future.

Deutsche Bank: A prolonged crisis of identity
March 2016
John Cryan, Deutsche Bank’s chief executive, has to resolve an identity crisis that has beset the bank for 30 years.

Macaskill on markets: Life after bonuses for Deutsche Bank?
March 2016
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Deutsche Bank’s co-chief executive John Cryan may find the bonus obsession of his investment bankers hard to understand. He will need to keep them motivated if he is to have any chance of pulling off a hugely challenging turnaround plan for the bank, however.

Sideways: Cryan should adopt the Winters clawback playbook
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March 2016
Deutsche Bank’s co-CEO John Cryan should follow the playbook of Standard Chartered CEO Bill Winters and mount a public campaign to claw back bonuses from former managers.

When panic gripped AT1
March 2016
Investors dump Deutsche after CFO funding boast; Fears spread to other bank stocks.

Cryan needs to deal with Deutsche’s long-term dilemma
February 2016
Concerns over Deutsche Bank’s current financial position are a distraction. CEO John Cryan's biggest challenge is to restore trust in the bank’s brand before its core clients are tempted by the overtures of Deutsche’s competitors.

Deutsche retreats from LatAm
December 2015
Bank cuts business in five countries; Brazil spared but offering diminished.

Latin America: Deutsche comes unstuck
December 2015
It might not have been a big player in Latin America, but Deutsche Bank had a reputation for sticking through the hard times.

Macaskill on Markets: Aspiration 2020
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November 2015
Deutsche Bank co-CEO John Cryan took a clear-headed approach to most of his management overhaul in October. There are unresolved issues in the global markets unit that remains the bank’s revenue engine as well as the source of most of its reputational problems, however.

Sideways: You can’t fire me, I quit!
July 2015
Deutsche Bank’s failure to acknowledge the enormity of the change it needs to return to health was demonstrated by the strange spin it gave to the departure of co-CEO Anshu Jain.

Off message: Communication failure helps lead to Jain’s demise at Deutsche
June 2015
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Deutsche Bank’s Strategy 2020 – which led to the resignations of co-CEOs Anshu Jain and Jürgen Fitschen – was a study in how to obfuscate and overwhelm reality in a way that simply didn’t add up.

Deutsche Bank: Cryan finally steps into the limelight
June 2015
Little known outside the banking industry, John Cryan could prove a very capable chief executive of Deutsche Bank, as long as he can cope with life under public scrutiny.

Deutsche’s former FX head says the transformation is coming
May 2016
The headline results of Euromoney's 2015 foreign exchange survey show the leading banks have been remarkably consistent, despite the upheavals in the sector. But, beneath the surface there are changes that will transform the competitive landscape of the industry. Deeper analysis of the survey results demonstrates that’s already starting to happen.

Dubai: DFSA makes example of Deutsche
May 2015
Regulator hands bank biggest fine yet; Dubai shakes off 'anything-goes’ tag.

Did Libor rigging help Deutsche Bank avoid a bailout?
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May 2015
A series of reports by regulators around the German bank’s $2.5 billion fine raise more questions than answers, while serving up embarrassment to remaining senior management.

Deutsche Bank keeps cash and trade link
April 2015
Michael Spiegel, global head of trade finance and cash management corporates, reveals how the bank has created a strong internal structure of collaboration.

Sideways: Deutsche strategy – Twilight of the bank
February 2015
Is Deutsche Bank contemplating a secret Götterdämmerung trade that would hive off sections of its investment bank and offer senior executives an escape route?

Private banking CIO outlook 2015: Deutsche Asset & Wealth Management
January 2015
Asoka Wöhrmann, global CIO with Deutsche Asset & Wealth Management, shares his macro and asset allocation views for the year ahead.

Private banking CIO outlook 2015: Deutsche Bank – Larry Adams
January 2015
Larry Adams, CIO for Deutsche Bank's Wealth Management Americas, shares his views on how 2014 was full of surprises and how 2015 could be full of risks.