Is German banking a zero-sum game?
Clients have had a much easier time than their banks in Germany, but fintech innovation is creating ways for the likes of Commerzbank and Deutsche Bank to thrive, even in the country’s SME heartlands.
Foresight or desperation? The two sides of Deutsche Bank’s equities exit
Deutsche Bank’s decision to exit equities but continue with ECM is a startling move, but it reflects the reality of the industry as much as it does the bank’s own uncomfortable position.
ECM vs equities: Has Deutsche Bank got it right?
Deutsche Bank has taken the radical step of getting rid of its equities business, but thinks it can still offer ECM. Can it?
Deutsche’s von Moltke on how he learned to stop worrying and love the cuts
The Deutsche Bank CFO is adamant that not only are his bank’s new ambitions achievable despite a fragile environment, but clients are also supportive.
September 16, 2019
Macaskill on markets: Investment banks and the sharing economy
Bankers in Europe have discussed pooling resources across different institutions for some years, as the threat from bigger US rivals has become painfully obvious.
Deutsche Bank Wealth Management – a dark horse?
Once a global wealth management (WM) powerhouse, DBWM no longer sits in the top 10 when it comes to AuM or stature.
Banks pass the pain of negative rates to their depositors
Any market sell-off in advance of coming recession will raise the cost for banks of holding their customers’ cash and make them look again at open banking.
Danske wields risk axe after Estonia money laundering scandal
Danske Bank’s compliance head Philippe Vollot is on a hiring spree, but parts of its international network might still be too risky.
Macaskill on markets: Deutsche’s Autobahn escape ramp
Questions about Deutsche Bank's restructuring multiply with each tactical shift, increasing the premium placed on any areas of real success – such as its Autobahn platform.
Sideways: Some Deutsche Bank veterans are doing fine
Deutsche employees who have recently been fired or face the axe will no doubt take comfort in the successes of fellow alumni such as Sajid Javid.
BNP Paribas could sign Deutsche prime broking deal in September
The French bank sees an opportunity to grab market share – and a more advanced tech platform – in a business that it sees as strategic.
Deutsche Bank reports big loss from accelerating restructuring charges
A larger than expected second-quarter loss shows Deutsche kitchen-sinking its 2019 results.
Deutsche Bank: is it really different this time?
Christian Sewing has set the bank a difficult task of cutting businesses and costs yet growing revenues in the next three years; not everyone is convinced it can do both
Sewing’s savings: how Deutsche Bank will try to turn itself around
Germany’s biggest bank wants to convince investors that its latest restructuring effort differs from previous attempts by returning the firm to its original mission.
The giant of European banking in the 1990s.
This year’s Euromoney FX survey results show up some important multi-year trends. The main lesson? Foreign exchange is more competitive than ever.
While Commerzbank might yet be an attractive partner in European consolidation, Deutsche is caught in a horrible cycle of continuing to cut costs to offset declining revenues.
Macaskill on markets: Germany’s strange banking experiment
Germany may conduct a strange experiment in state-sponsored investment banking if a merger between Deutsche Bank and Commerzbank proceeds.
Sideways: Deutsche Bank's Garth Ritchie – the Brexit thinker
The news that Garth Ritchie, head of investment banking at Deutsche Bank, is being paid €250,000 a month for extra responsibility 'in connection with the implications of Brexit' has been condemned in Germany, where politicians and union leaders are preparing to oppose a potential merger with Commerzbank and associated job cuts.
However the situation plays out, it might be the smaller firm that ends up in the stronger position.
The bank confirms focus on transaction banking by strengthening ties with its investment banking unit through new appointments.
The rationale to accelerate cuts in its US investment bank is obvious, but an orderly withdrawal will be hard to execute.
Deutsche Bank wins through in Euromoney's trade finance survey
Its strong performance in Euromoney’s trade finance survey – despite its recent difficulties – has left some rivals scratching their heads. What lies behind its high placing?
The Euromoney 25: Class of 2018
Which bank chief executives are raising a glass to a successful 12 months? How are the newcomers to the party settling in? Who’s hiding in the corner, drowning their sorrows? And will 2019 be a year of feast or famine? Euromoney reveals all in its progress reports for the Class of 2018.
Deutsche Bank: Can it catch a break?
New investigations into the troubled bank evoke bad memories.
Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown jewels heading the same way as their investment banks?
Moreau exit shows tough road ahead for European banks’ asset management hopes
The sacking of DWS’s chief executive barely six months after its IPO shows that asset management might not be the great hope for a firm like Deutsche Bank.
Rates are only rising because economies are doing so well and there is no need to panic, even if risk assets do sell off, at least according to the sell side.
Central and Eastern Europe & Central and West Asia: Best international bank in the region for BRI: Deutsche Bank
Germany’s bank problems are all of Europe’s
French, let alone Italian, banks should not gloat. Germany’s banking problem is theirs too, and neither domestic mergers nor French-led acquisitions will solve it.
CEO Sewing hails quarter of ‘unprecendented change’ at Deutsche Bank
Deutsche Bank is showing it can cut leverage exposure in its corporate and investment bank without slashing revenues. It has a long way to go in its pursuit of acceptable returns, but the new management team is demonstrating an early determination to deliver.
This award of India’s best investment bank to Deutsche Bank will surprise many, but it reflects the themes and opportunities that work for foreign banks in India today.
Macaskill on markets: Deutsche Bank’s lessons for SoftBank
It is 10 years since Rajeev Misra left his position as head of credit and commodities at Deutsche Bank in a move that came a couple of months ahead of the failure of Lehman Brothers and a global financial crisis.
Off the record
A Deutsche Bank special
Deutsche Bank: Restating the obvious
Deutsche management may be dropping like flies, but at least they have been longer-lived than one of the business lines in its financial results.
Can Achleitner’s accidental CEO save Deutsche Bank?
With an embarrassing and badly mishandled change of chief executive now complete, all the big problems still remain for Deutsche Bank.
Sewing parrots Cryan
Christian Sewing has been painted as the stern cost disciplinarian and man of action, so he had to unveil something decisive-sounding at his first results call — even if it smacks of tokenism.
The curious case of Woori Bank, an €8 billion lawsuit and an alleged letter from Deutsche Bank
A little-known plaintiff is alleging a truly enormous theft by Woori Bank. Everything about the allegations sets off alarms, and the testimony of Deutsche Bank will be crucial.
Asia banking: HNA turns M&A norms around again
Everyone used to want to be on the sell side; now they want to be on the buy side.
European corporates blindsided by FX volatility
Deutsche Bank’s currency volatility index (CVIX), which provides a daily measure of volatility in the FX market, shows how suddenly volatility can spike and fall.
John Cryan recasts Deutsche’s stubbornly high costs as investments
Transaction banking fall shows extent of Deutsche’s cutbacks
A bad year as the bank continued to rejig its client base, but management predicts GTB revenues will improve from the second quarter.
HSBC has taken the top spot for the first time in the global results of Euromoney’s annual trade finance survey, dislodging Deutsche Bank to third place, behind UniCredit. It was not all bad news for Deutsche, as it took the top spot in Apac, pipping HSBC to second. The German bank also took the top place in its home market of Western Europe.
Trade Finance Survey 2018: Regional best trade finance providers
Trade Finance Survey 2018: Domestic best service
Alternative awards of the year 2017
The alternative bank of the year: Deutsche BankDeutsche Bank: Relief but no revival yet
Cerberus takes stake in Deutsche Bank as Cryan talks up its repositioning
New Silk Road Finance Awards 2017
CEE: Best bank for BRI-related infrastructure finance
Middle East and Africa: Best bank for BRI-related infrastructure finance
Regulation: The Fed means business on the Volcker rule
The central bank found a way to enforce the rule just before lawmakers attempt to dismantle it.
Investment banking: Does Deutsche’s fightback begin in Asia?
Banking: They’re bonuses, John, but not as we know it
Cryan makes big call on change in German banking
Banking: Deutsche Bank’s Strategy 2020… 2.0
Despite rumours that Deutsche might cash in its departure-hit wealth management arm, Asia CEO Werner Steinmueller instead wants to double its size.
Deutsche Bank U-turns to follow Commerzbank’s lead
In a reversal of their traditional roles, Deutsche Bank’s new focus on German business and a simplified structure bears more than a passing resemblance to domestic rival Commerzbank’s re-boot six months ago.
Deutsche Bank held onto its global trade finance crown for the third year running, but it lost out in some of the regional placings. The 2017 survey attracted nearly double the number of voters compared with 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 state-backed 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
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
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
Deutsche crisis hits AT1 bonds again; new trigger language needed.
Regulation: Conduct costs will haunt banks
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
Deutsche totters on the brink once again
DoJ 1MDB complaint analysed: how the named banks fare
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
Rodgers produces a book that’s worth shouting about
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
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”.
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.
Bank capital: Deutsche offers sub-debt solace
Deal shows appetite after February sell-off; bank’s tier-2 issuance could herald TLAC surge.
All change in the 2016 Euromoney FX rankings
Citi retains top ranking while Deutsche plummets.
Can Cryan halt Deutsche Bank's decline?
Deutsche Bank: A prolonged crisis of identity
Macaskill on markets: Life after bonuses for Deutsche Bank?
Sideways: Cryan should adopt the Winters clawback playbook
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.
Investors dump Deutsche after CFO funding boast; Fears spread to other bank stocks.
Cryan needs to deal with Deutsche’s long-term dilemma
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
Bank cuts business in five countries; Brazil spared but offering diminished.
Latin America: Deutsche comes unstuck
It might not have been a big player in Latin America, but Deutsche Bank had a reputation for sticking through the hard times.
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!
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
Deutsche Bank: Cryan finally steps into the limelight
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
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
Regulator hands bank biggest fine yet; Dubai shakes off ‘anything-goes’ tag.
Did Libor rigging help Deutsche Bank avoid a bailout?
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
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
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
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
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.