QUOTE AND NEWS
The Economic Times  Apr 15  Comment 
While non-ferrous companies such as Hindalco, Vedanta and Nalco have firmed up growth plans, steel firms' capex should also start soon, says CLSA.
Yahoo  Apr 12  Comment 
A Democratic U.S. senator pressed Deutsche Bank (DBKGn.DE) on Wednesday to release information about issues including President Donald Trump's debt and any bank meetings with Trump administration officials, saying he had "great concern" about...
Financial Times  Apr 7  Comment 
Germany’s biggest lender completes capital increase to draw line under turbulent year
Yahoo  Apr 7  Comment 
Deutsche Bank's (DBKGn.DE) Chief Executive said on Friday the era of downsizing Germany's flagship lender was over, after completing an 8 billion euro capital increase to pay legal penalties, keep regulators happy and make fresh investments. "It...
Reuters  Apr 7  Comment 
Deutsche Bank's chief executive said an era of cutbacks was over on Friday after completing an 8 billion euro ($8.5 billion) capital increase to pay legal penalties, keep regulators happy and make fresh investments.
Wall Street Journal  Apr 6  Comment 
Deutsche Bank was closing in on a successful $8.5 billion share sale, the final day for investors to opt in to a capital-raising long seen as necessary to put the German lender on firm financial footing, according to people familiar with the matter.
Yahoo  Apr 6  Comment 
Deutsche Bank (DBKGn.DE), which is in the midst of an 8 billion euro ($8.5 billion) capital increase, is currently not thinking about mergers, Chief Executive John Cryan said. "We have other things to do," Cryan told a banking conference in Berlin...
The Economic Times  Apr 5  Comment 
Three years later, with the sensex in kissing distance of closing above the 30,000 mark, Joshi has been named Deutsche Bank's group treasurer.




 
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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