QUOTE AND NEWS
The Economic Times  Aug 20  Comment 
The Union Cabinet in June had cleared the proposal for postal payments banks with a corpus of Rs 800 crore. The proposal is to set up 650 branches of postal payments banks.
Clusterstock  Aug 19  Comment 
(Reuters) - JPMorgan Chase & Co on Friday said it has settled litigation with the FDIC and Deutsche Bank AG stemming from its purchase of Washington Mutual Inc's banking operations during the financial crisis. In a regulatory filing, JPMorgan...
Benzinga  Aug 19  Comment 
Deutsche Bank's Ross Seymore was impressed with Intel Corporation (NASDAQ: INTC) after visiting the company's Developer Forum. The analyst believes Intel is making the right moves to transform the company beyond PCs. "For the second consecutive...
Mondo Visione  Aug 19  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil Complaint in the U.S. District Court for the Southern District of New York today, charging Deutsche Bank AG (Deutsche Bank), a global banking and financial services company and...
Clusterstock  Aug 18  Comment 
(Reuters) - A whistleblower who helped reveal false accounting at Deutsche Bank has refused an $8.25 million award from a U.S. securities regulator because of the agency's failure to punish bank executives, the Financial Times reported on...
Clusterstock  Aug 18  Comment 
Eric Ben-Artzi is a brave man. The former Deutsche Bank risk officer was one of three whistleblowers who reported improper accounting at the German bank to regulators in 2010 and 2011. In 2015, the US Securities and Exchange Commission...
Clusterstock  Aug 18  Comment 
NEW YORK (Reuters) - Deutsche Bank AG on Thursday agreed to retain a monitor to ensure it reports swaps data properly, to resolve U.S. regulatory charges over its handling of an April 16 system outage that has yet to be fully addressed. The U.S....
Benzinga  Aug 18  Comment 
Paul Trussell, an analyst at Deutsche Bank, attended J C Penney Company Inc (NYSE: JCP)'s Analyst Day event and stated that the company presented a "readily achievable" three-year plan. Despite Trussell's optimism, he acknowledged that the bears...
The Economic Times  Aug 18  Comment 
The global investment bank expects JD Omni to contribute 3-8 per cent of revenues over FY17-19. It expects the company to deliver earnings CAGR of 59 per cent over FY17-19




 
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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