QUOTE AND NEWS
Jutia Group  6 hrs ago  Comment 
[GlobeNewswire] - GLENVIEW, Ill. -- Illinois Tool Works Inc. today announced plans to present at the upcoming Deutsche Bank Global Industrials and Basic Materials Conference being held at the Westin River North in Chicago. ... Read more on this. ...
BBC News  May 26  Comment 
Deutsche Bank is paying $55m (£36m) to settle civil charges by US regulators for allegedly mis-stating financial reports.
Mondo Visione  May 26  Comment 
The Securities and Exchange Commission today charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the...
New York Times  May 26  Comment 
The S.E.C. had claimed that the bank “overstated” the value of a multibillion-dollar portfolio of derivatives during the height of the financial crisis,
Clusterstock  May 26  Comment 
Ocado, the online grocer that resembles a food version of Amazon, has revenues of nearly £1 billion ($1.5 billion) in Britain  and could be just as success in the US through partnership deals, says Deutsche Bank. The bank's analysts Karen...
Wall Street Journal  May 26  Comment 
Deutsche Bank has agreed to pay $55 million to the SEC to settle allegations it hid paper losses of more than $1.5 billion during the financial crisis that began in 2008.
Benzinga  May 22  Comment 
In a report issued Thursday, analysts at Deutsche Bank provided updated commentary on the defense industry, following their annual survey of program managers, which offers perspectives from inside the Department of Defense ( DoD ). The...
Financial Times  May 22  Comment 
Deutsche Bank under fire; John Malone, BP and M&S also in the news
Wall Street Journal  May 22  Comment 
After a stinging rebuke from shareholders at Thursday’s annual meeting, Deutsche Bank co-chief executives Anshu Jain and Jürgen Fitschen must quickly present details on their strategy for turning the bank around.
Benzinga  May 22  Comment 
In a report published Friday, Deutsche Bank analyst Paul Trussell previewed Big Lots, Inc. (NYSE: BIG)'s first quarter and offered mitigated factors to current concerns. Big Lots is scheduled to report its first quarter results on May 29 before...




 
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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