QUOTE AND NEWS
The Economic Times  Aug 28  Comment 
RBI, which has recently received an inflation targeting mandate, is aiming to get inflation under 6 per cent by January 2016 and cool it down further to 4 per cent.
Yahoo  Aug 28  Comment 
Munich prosecutors requested that 30 additional witnesses including Rupert Murdoch, publisher Friede Springer and Axel Springer (SPRGn.DE) Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank (DBKGn.DE) executives. Munich...
guardian.co.uk  Aug 27  Comment 
Current and former traders interviewed by SFO about manipulation of London interbank offered rate and euro counterpart Current and former Deutsche Bank staff have been questioned by the Serious Fraud Office in recent weeks in relation to the...
newratings.com  Aug 25  Comment 
Deutsche Bank AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution Deutsche Bank AG 25.08.2015 12:44 Dissemination of a Voting Rights Announcement,...
Banking Business Review  Aug 20  Comment 
Germany’s Deutsche Bank is considering exiting its retail banking operations in India despite the unit seeing a 93% surge in net profits in the country for the year ending March 2015, say sources familiar with the matter.
Financial Times  Aug 17  Comment 
German lender reorganises its biggest business to make it more accountable and efficient
Wall Street Journal  Aug 13  Comment 
Frankfurt’s public prosecutor’s office has filed charges against eight current and former employees of Deutsche Bank for the alleged evasion of taxes on trading carbon-emission certificates.
newratings.com  Aug 13  Comment 
Deutsche Bank AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution Deutsche Bank AG 13.08.2015 08:46 Dissemination of a Voting Rights Announcement,...
Benzinga  Aug 12  Comment 
In a report issued Wednesday, Deutsche Bank analyst Karen Tang reiterated a Sell rating and $20.00 price target on shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL). The rating and price target come after the company announced that...
newratings.com  Aug 11  Comment 
Deutsche Bank AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution Deutsche Bank AG 11.08.2015 17:26 Dissemination of a Voting Rights Announcement,...




 
TOP CONTRIBUTORS

Deutsche Bank AG (NYSE:DB) is a global financial services firm that offers various financial and investment products to individual, corporate, and institutional clients. Deutsche Bank operates in three divisions: Corporate and Investment Bank, which advises corporate and institutional clients on structuring financial transactions and provides debt and equity issuance; Private Clients and Asset Management, which serves retail and institutional clients and high net worth individuals; and Corporate Investments, which manages the firm’s investments, including its alternative assets. Deutsche Bank’s other offerings include life insurance and mortgage products and services.

Business Overview

Founded in 1870, Deutsche Bank AG was established as an international financial services firm aimed at promoting trading between Germany and other markets throughout Europe and the world. Since then, Deutsche Bank has grown into a leading financial services firm, offering a wide range of financial and related products and services. With nearly 78,000 employees and $2.67 trillion in assets, Deutsche Bank is one of the largest financial institutions in the world.[1]

The firm operates in three divisions:

  • Corporate and Investment Bank (CIB) advises institutional clients on how to structure and execute transactions like mergers and acquisitions. CIB also handles the origination, sale, and trading of equities, debt, and other types of securities.[2]
  • Private Clients and Asset Management (PCAM) provides investment advisory and management services to both institutional and retail investors. Deutsche Bank’s private banking division, which serves high-net-worth individuals and families as well as certain small businesses, also operates within the PCAM segment.
  • Corporate Investments (CI) manages Deutsche Bank’s own investments, including alternative assets like private equity and real estate investments; CI also includes a portfolio of industrial holdings, but these are being eliminated. This segment’s performance depends on changes in the values of its holdings, making it more variable and uncontrollable than Deutsche Bank’s other divisions.

Business & Financial Metrics[3]

In 2009, DB generated a net income of €4.95 billion on revenues of €27.95 billion. This represents a turnaround from 2008, when the company incurred a net loss of €3.90 billion on €13.61 billion in revenues.

Trends and Forces

Declining global M&A activity

When economic conditions take a turn for the worse, fewer firms look to buy and sell other companies, leading to lower revenues for Deutsche Bank and other investment banks that structure these types of transactions. The spreading effects of the credit crunch and the slowdown in the U.S. housing market could drive down the frequency of mergers and acquisitions worldwide. Deutsche Bank would be especially hard hit by a global slowdown in M&A activity since its Corporate and Investment Bank division accounts for well over half of the firm’s pretax income.[4]

Competition

As a diversified financial services firm, Deutsche Bank’s operations span both investment banking and retail banking. Since over half of its profits come from investment banking, however, it’s most often compared to other I-banks such as Goldman Sachs Group (GS), Morgan Stanley (MS), and Merrill Lynch (MER). As Deutsche Bank pares down its retail operations to focus on higher-margin investment banking segments, this comparison will continue to become more appropriate.

References

  1. Deutsche Bank Interim Report as of September 30, 2007 - Fact Sheet
  2. Deutsche Bank Interim Report as of September 30, 2007 - Segmental Results of Operations 9M2007
  3. DB 2009 20-F pg. 2  
  4. Deutsche Bank Annual Report 2006 - Results by Segment
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