The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Treasury

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.

The full-year 2017 net loss of €497 million that Deutsche Bank announced on Friday had been expected, after its warning on January 5 that it would be booking a €1.4 billion charge in relation to recent US tax reforms.

james-von-moltke-160x186
James von Moltke,
Deutsche

However, there was another figure that stood out as evidence of the extent to which the bank’s moves to cut clients have shrunk core businesses.

The bank has in recent times been focusing on cutting those clients with whom it cannot make money across multiple products and geographical areas, in favour of those where it can do just that.

In the short-term that means some painful reductions, and over the past year these have begun to feed through to what is now its corporate and investment bank’s key franchise – global transaction banking (GTB).

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree