QUOTE AND NEWS
guardian.co.uk  Feb 16  Comment 
Bank looked for evidence of whether loans to president were underpinned by guarantees from Moscow, Guardian learns Trump press conference: president says team running ‘like fine-tuned machine’ The scandal-hit bank that loaned hundreds of...
Yahoo  Feb 14  Comment 
A U.S. judge has rejected Deutsche Bank AG's bid to dismiss a lawsuit claiming it delayed foreign exchange trades to get a "last look" at how prices were moving, enabling the German bank to extract more profit at customers' expense. In a decision...
Clusterstock  Feb 14  Comment 
The pound's post-Brexit vote downturn is nowhere near done yet, and the UK's currency could fall by as much as 16% more, according to one of Deutsche Bank's most senior staff dealing with foreign exchange. Speaking to Bloomberg TV on Tuesday...
Motley Fool  Feb 14  Comment 
Mortgage rates were little changed on Monday; meanwhile, Deutsche Bank thinks commercial mortgage-backed securities -- particularly those supported by malls -- could be the next "big short."
Mondo Visione  Feb 13  Comment 
Jim Smith, President and Chief Executive Officer and Stephane Bello, Executive Vice President and Chief Financial Officer of Thomson Reuters (TSX / NYSE: TRI), will present at the 2017 Deutsche Bank Media, Internet & Telecom Conference on Monday,...
newratings.com  Feb 10  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 DGAP Voting Rights Announcement: Deutsche Bank AG Deutsche Bank AG: Release according to...
Clusterstock  Feb 9  Comment 
The Netherlands is unlikely to leave the European Union any time soon, and the prospect of even holding a referendum on membership of the 28-nation bloc is slim, according to new research from Deutsche Bank. In a special report titled...
Financial Times  Feb 8  Comment 
German lender had fallen to 13th place in an increasingly concentrated market




 
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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