Deutsche Bank: special focus
Euromoney's recent coverage of the German universal bank.
As the bank finally grapples with the restructuring it has needed for years, there are reasons to be optimistic.
The German bank’s transaction banking franchise will be central to the success of its new corporate banking division.
It's that time of year again, when we round up what senior management said about your business line in their quarterly earnings calls.
The bank has rejigged its historic numbers to reflect its new structure, but the result throws up an interesting glimpse of just how small its equity capital markets business will be in future.
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.
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.
Deutsche Bank has taken the radical step of getting rid of its equities business, but thinks it can still offer ECM. Can it?
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
Among financial institutions, Deutsche Bank ranked number one in this year’s cash management survey – testament to the bank’s continued investment and focus on transaction banking.
Bankers in Europe have discussed pooling resources across different institutions for some years, as the threat from bigger US rivals has become painfully obvious.
Once a global wealth management (WM) powerhouse, DBWM no longer sits in the top 10 when it comes to AuM or stature.
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 Bank’s compliance head Philippe Vollot is on a hiring spree, but parts of its international network might still be too risky.
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.
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.
The French bank sees an opportunity to grab market share – and a more advanced tech platform – in a business that it sees as strategic.
A larger than expected second-quarter loss shows Deutsche kitchen-sinking its 2019 results.
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
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.
Germany may conduct a strange experiment in state-sponsored investment banking if a merger between Deutsche Bank and Commerzbank proceeds.
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.
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?
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.
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?
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.
New Silk Road Finance Awards 2018
Investment banks in 2Q18 August 2018
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.
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.
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.
A Deutsche Bank special
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.
With an embarrassing and badly mishandled change of chief executive now complete, all the big problems still remain for Deutsche Bank.
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.
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.
Everyone used to want to be on the sell side; now they want to be on the buy side.
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.
Deutsche’s CEO is telling the world just how much the bank still needs to do to improve, but struggles to make investors see the cost of fixing things as investing for the future.
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.
The alternative bank of the year: Deutsche Bank
Deutsche Bank: Relief but no revival yet December 2017
Progress is limited and slow, and chief executive John Cryan remains under pressure.
Deutsche says it welcomes any investor who sees potential in the German bank’s share, but holders are growing impatient for delivery.
New Silk Road Finance Awards 2017
The central bank found a way to enforce the rule just before lawmakers attempt to dismantle it.
Putting a career transaction banker in charge of Deutsche Bank’s business in Asia made some sort of statement. But of what, exactly? That Deutsche’s old markets powerhouse is no longer in the driving seat? Or that it can be a model for the revival of Deutsche globally?
Deutsche Bank’s new-look bonus scheme looks a bit annually retentive.
The chief executive of Deutsche Bank has deftly sold his sudden reverse on capital raising and selling Postbank, but if he fails to make good a striking promise to deliver strong returns from retail banking at home, his credibility will be lost.
John Cryan has swallowed a difficult pill in executing his U-turn – whether the patient will recover in the long term remains to be seen.
Despite rumours that Deutsche might cash in its departure-hit wealth management arm, Asia CEO Werner Steinmueller instead wants to double its size.
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?
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.
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.
Deutsche crisis hits AT1 bonds again; new trigger language needed.
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.
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.
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.
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.
Who comes out best and worst from the DoJ report into 1MDB? Deutsche Bank makes a significant appearance.
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.
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.
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.
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.
Deal shows appetite after February sell-off; bank’s tier-2 issuance could herald TLAC surge.
Citi retains top ranking while Deutsche plummets.
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.
John Cryan, Deutsche Bank’s chief executive, has to resolve an identity crisis that has beset the bank for 30 years.
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.
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.
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.
Bank cuts business in five countries; Brazil spared but offering diminished.
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.
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.
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.
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.
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.
Regulator hands bank biggest fine yet; Dubai shakes off ‘anything-goes’ tag.
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.
Michael Spiegel, global head of trade finance and cash management corporates, reveals how the bank has created a strong internal structure of collaboration.
Is Deutsche Bank contemplating a secret Götterdämmerung trade that would hive off sections of its investment bank and offer senior executives an escape route?
Asoka Wöhrmann, global CIO with Deutsche Asset & Wealth Management, shares his macro and asset allocation views for the year ahead.
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.