Deutsche Bank: A floundering titan

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Maytime

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Deutsche Bank

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Germany’s banking champion has neither a proper business model nor a mission

THERE are banks that are smaller than Deutsche Bank, and there are larger ones. There are riskier ones, and safer ones. But it is hard to think of any other big financial institution so bereft of a purpose.
Since its acquisition of Bankers Trust in 1999, Deutsche has sold itself as a global investment bank. Yet American rivals leave it trailing, even in its own backyard: the Goldman Sachs of Europe, it turns out, is Goldman Sachs. Deutsche’s revenues have dived since the crisis; last year it reported its first annual loss since 2008. Its shares are worth barely an eighth of what they were in 2007. Employees are demoralised: less than half are proud to work there.

Some of the blows Deutsche has sustained are not of its own making. It has thousands of investment bankers in London, for example, but the city’s future as Europe’s financial capital has been thrown into doubt by Brexit. Negative interest rates …

Deutsche Bank: In a rut

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Maytime

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Deutsche Bank

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Brexit is merely one more worry for Germany’s leading lender

THE biggest bank in Europe’s most robust economy may seem an unlikely victim of Brexit. Yet in the fortnight after Britons voted to quit the European Union Deutsche Bank’s share price tumbled by 27%—putting Germany’s biggest lender in the unexalted company of British and Italian banks. On July 7th it slid to €11.36 ($12.58), a record low.
The price has since clambered back towards €13. But Deutsche still trades at only a quarter of the supposed net value of its assets—far behind its peers (see chart). Its shares fetch half of what they did a year ago and an eighth of what they did in 2007. It lost a staggering €6.8 billion in 2015. The newish chief executive, John Cryan, is carrying out an overdue spring-clean: he has told investors to expect no profit or dividend this year (and scrapped last year’s too). Brexit makes the …

Deutsche Bank: In a rut

UK Only Article: 
standard article

Issue: 

Maytime

Fly Title: 

Deutsche Bank

Main image: 

20160716_fnp503.jpg

Rubric: 

Brexit is merely one more worry for Germany’s leading lender

THE biggest bank in Europe’s most robust economy may seem an unlikely victim of Brexit. Yet in the fortnight after Britons voted to quit the European Union Deutsche Bank’s share price tumbled by 27%—putting Germany’s biggest lender in the unexalted company of British and Italian banks. On July 7th it slid to €11.36 ($12.58), a record low.
The price has since clambered back towards €13. But Deutsche still trades at only a quarter of the supposed net value of its assets—far behind its peers (see chart). Its shares fetch half of what they did a year ago and an eighth of what they did in 2007. It lost a staggering €6.8 billion in 2015. The newish chief executive, John Cryan, is carrying out an overdue spring-clean: he has told investors to expect no profit or dividend this year (and scrapped last year’s too). Brexit makes the …

ICSFS Congratulates Burgan Bank on the Successful Deployment of ICS BANKS

ICS Financial Systems Ltd. (ICSFS) ICSFS Congratulates Burgan Bank on the successful deployment (go-live) of ICS BANKS® across the bank’s branches and operations, to provide more efficient and advanced banking services to its customers by using the latest global technology.

The migration to ICS BANKS® was completed…

ICS Financial Systems Ltd. (ICSFS)

ICSFS Congratulates Burgan Bank on the Successful Deployment of ICS BANKS

ICS Financial Systems Ltd. (ICSFS) ICSFS Congratulates Burgan Bank on the successful deployment (go-live) of ICS BANKS® across the bank’s branches and operations, to provide more efficient and advanced banking services to its customers by using the latest global technology.

The migration to ICS BANKS® was completed…

ICS Financial Systems Ltd. (ICSFS)

Bottomline Technologies Launches Bottomline Universal Aggregator™

Bottomline Technologies New service enables easy access to global payment systems – including SWIFT, Paym and Faster Payments – for UK banks, government and corporates

Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, has today announced the launch…

Bottomline Technologies