QUOTE AND NEWS
Reuters  Dec 2  Comment 
Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.
Motley Fool  Dec 2  Comment 
Deutsche Bank thinks the payments processor is pretty cool.
Reuters  Dec 2  Comment 
Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge...
Benzinga  Dec 2  Comment 
Deutsche Bank remains on the sidelines on the shares of Ambarella Inc (NASDAQ: AMBA), as it is wondering whether the key customer GoPro Inc (NASDAQ: GPRO) would continue to contribute substantially going forward. Despite reporting...
newratings.com  Dec 2  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 02.12.2016 14:32 Dissemination of a Voting Rights Announcement,...
Mondo Visione  Dec 2  Comment 
Almax Analytics, a first to market software as a service (SaaS) delivering actionable insights from Big Data announced today Ralf Roth has joined the Advisory Board. After nearly 20 successful years as a Deutsche Bank Executive and another handful...
Clusterstock  Dec 2  Comment 
Society is far from becoming totally cashless, and suggestions that cash could be on the brink of extinction in Western society are way off the mark, according to a new report from Deutsche Bank. Writing in a note titled "Cash: In the long...
Benzinga  Dec 1  Comment 
Caterpillar Inc. (NYSE: CAT) remains the top pick for Deutsche Bank, despite recent election rally. The brokerage remains bullish over the company’s EPS growth potential of the construction and mining equipment maker. Analyst's Take “[W]e...
Clusterstock  Nov 29  Comment 
China's debt-fuelled property boom, and potential bust, will be one of the biggest issues facing the country's policymakers in 2017, according to Deutsche Bank. Deutsche Bank economists, led by Zhiwei Zhang and Li Zeng, said the real estate...
The Economic Times  Nov 27  Comment 
"We think the case for further rupee depreciation remains in place, despite a constructive balance of payment position," Deutsche Bank Research said in a note.




 
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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