Moderator: 3ne2nr Mods
zoom rader wrote:Meanwhile Trini banks making a killing in stupid fees and selling forex to 1% and the selected.
About 74 billion euros of risk-weighted assets will become part of a new non-core unit and the lender’s capital buffer will be reduced as part of the plan. With a stock price down by half in the past two years, selling new shares wasn’t an option and the bank said it does not plan a capital increase to pay for the overhaul.
Instead, Sewing is tapping into the bank’s capital cushion to fund what he’s billed as the bank’s biggest restructuring in decades -- which means he needs to be strategic with the little financial resources he can generate. It will be the first time since at least 1993 that Deutsche Bank won’t pay out.
Departures
The bank said retail chief Frank Strauss and Chief Regulatory Officer Sylvie Matherat, both board members, will leave this month. The departure of investment bank head Garth Ritchie was announced on Friday.
Other executives will be on the rise. Stefan Hoops was named to oversee the new “corporate bank” unit that will combine the transaction bank and the lender’s corporate-clients unit. Three management board members where appointed: Christiana Riley is taking over responsibilities for the Americas, Bernd Leukert, formerly of SAP, will join Sept. 1 and be responsible for data and innovation. Stefan Simon will become chief administrative officer and oversee regulatory affairs and legal.
The investment bank is the focus of the overhaul. The unit, which accounts for roughly half of Deutsche Bank’s revenue and which was cause of its decline, will be broken in two. The transaction bank will be lifted out and merged with the commercial clients segment that’s currently within the retail division, people familiar with the matter have said.
The change is designed to accelerate the shift away from acting as the first port of call for institutional clients such as asset managers and hedge funds toward selling cash management, trade finance and hedging products to corporate clients. The new division, to be lead by current transaction bank head Stefan Hoops, will be at the heart of the lender’s future business model.
“We remain committed to our global network and will help companies to grow and provide private and institutional clients with the best solutions and advice for their respective needs – in Germany, Europe and around the globe,” Sewing said on Sunday.
zoom rader wrote:In Europe there are strong laws on what fees a bank can charge you. The banks fight among themselves
Here in Trini every Monday morning is a new fee or they increase it. In trini all the banks are a cartel and are all controlled by 1%. Customers are at the mercy of these sharks.
Redman wrote:Well the equity side is super competitive, and as a result of the changing dynamics in the stock markets world wide-the overwhelming presence of Algorithm trading,automated trading and Index Funds/ETFs, reducing the ability to make above market returns.
Compared to the other segments of DBs biz, there is a disproportionate amount of
a) Risk-your capital and clients capital
b)Higher compensation for the quality people required to staff these depts world wide
c)Compliance with regulatory oversite -24/7 risk assessment and rebalancing.
since the fee structures on ALL equity business are compressing to zero.
prolly DB is saying that the juice aint worth the squeeze
zoom rader wrote:In Europe there are strong laws on what fees a bank can charge you. The banks fight among themselves
Here in Trini every Monday morning is a new fee or they increase it. In trini all the banks are a cartel and are all controlled by 1%. Customers are at the mercy of these sharks.
hong kong phooey wrote:zoom rader wrote:In Europe there are strong laws on what fees a bank can charge you. The banks fight among themselves
Here in Trini every Monday morning is a new fee or they increase it. In trini all the banks are a cartel and are all controlled by 1%. Customers are at the mercy of these sharks.
Its because trinis like to take the shaft. No one complain, people still opening accounts in banks that charging new fees no one close out their accounts, so other banks will add new fees because the population paying it .
But at the end of the day, its there business and they are in the business to make money.
Soon they might charge you to keep your money in their institution.
hong kong phooey wrote:zoom rader wrote:In Europe there are strong laws on what fees a bank can charge you. The banks fight among themselves
Here in Trini every Monday morning is a new fee or they increase it. In trini all the banks are a cartel and are all controlled by 1%. Customers are at the mercy of these sharks.
Its because trinis like to take the shaft. No one complain, people still opening accounts in banks that charging new fees no one close out their accounts, so other banks will add new fees because the population paying it .
But at the end of the day, its there business and they are in the business to make money.
Soon they might charge you to keep your money in their institution.
sMASH wrote:but if u want to move away from local bank system, what alternative is there?
like if someone needs a place for an employer to deposit a salary, of for a credit/debit card... etc.
Monk BANzai wrote:Redman wrote:Well the equity side is super competitive, and as a result of the changing dynamics in the stock markets world wide-the overwhelming presence of Algorithm trading,automated trading and Index Funds/ETFs, reducing the ability to make above market returns.
Compared to the other segments of DBs biz, there is a disproportionate amount of
a) Risk-your capital and clients capital
b)Higher compensation for the quality people required to staff these depts world wide
c)Compliance with regulatory oversite -24/7 risk assessment and rebalancing.
since the fee structures on ALL equity business are compressing to zero.
prolly DB is saying that the juice aint worth the squeeze
always respect your insights...but is this going to (has) triggered "like movements" with other banks/houses?
Redman wrote:Monk BANzai wrote:Redman wrote:Well the equity side is super competitive, and as a result of the changing dynamics in the stock markets world wide-the overwhelming presence of Algorithm trading,automated trading and Index Funds/ETFs, reducing the ability to make above market returns.
Compared to the other segments of DBs biz, there is a disproportionate amount of
a) Risk-your capital and clients capital
b)Higher compensation for the quality people required to staff these depts world wide
c)Compliance with regulatory oversite -24/7 risk assessment and rebalancing.
since the fee structures on ALL equity business are compressing to zero.
prolly DB is saying that the juice aint worth the squeeze
always respect your insights...but is this going to (has) triggered "like movements" with other banks/houses?
Well DB is saying that they dont think the Eq biz is worth staying in. TO THEM.(whats the point of running a race if you know you are not a contender?)
And the point of this is to improve profitability-and implicitly the stability of the entity.
So on one hand DB may be a better company at the end of this(unless they keep getting caught laundering AGAIN)
That said- the INDUSTRY is in constant evolution.......so I say we might see a few more Companies take the same route-DB is not stupid...and there are very intelligent business reasons for the move.
So yes others can take the same route,but its not a swan song for the Eq side.
Evolution is part of it.
The industry is needed by the whole business world, and a valuable part of value creation and pricing for the respective products.
43 trillion worth of mutual funds world wide
87 Trillion worth of Equities world wide
and 25 Trillion traded worldwide
Dais real money to leave on the table.
With PLENTY PLENTY PLENTY value YET to be created by the Indian and African continents coming into the mix.
bluefete wrote:sMASH wrote:but if u want to move away from local bank system, what alternative is there?
like if someone needs a place for an employer to deposit a salary, of for a credit/debit card... etc.
Credit Unions (if you can find a good one), UTC ( where you can use a debit card to withdraw money).
Redman wrote:Lol@LEH flatline.
Return to “Ole talk and more Ole talk”
Users browsing this forum: foreignused and 185 guests