After Deutsche Bank cuts, where will the growth be?

This involves building on its strengths in transaction banking - such as trade finance and cash management.

Transaction banking, one of the less glamorous areas of finance, is a growing focus at several of Deutsche's rivals, as it requires less capital and is not as cyclical as investment banking.Goldman Sachs for example is looking to launch a cash management business next year while HSBC and Standard Chartered are trying to build on their strong Asian franchises by beefing up their European operations.

In Refinitiv's investment banking scorecard, which tracks how firms do on advising on M&A, equity and debt capital markets, loans and leveraged finance, Deutsche currently ranks 8th so far this year globally - steady compared with 2018. In Europe, it has slipped to 8th from 7th a year ago, with BNP Paribas edging above it.In asset management, Deutsche Bank's DWS arm is seen as another of its strong points, and one the bank leaned on to extract value last year when it listed 22.

In private banking, Deutsche has said it plans to hire 300 new relationship and investment managers by 2021 as part of a plan to bulk up in the sector.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After Deutsche Bank cuts, where will the growth be?For Deutsche Bank chief executive Christian Sewing, shrinking the group's investment bank will be the relatively easy - if expensive - part of his ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts beginSYDNEY/HONG KONG — Deutsche Bank eliminated whole teams at its Asian operations on Monday (July 8), as the German lender began axing 18,000 jobs globally in one of the biggest overhauls at an investment bank since the aftermath of the financial crisis. Wow.....18k
Source: TODAYonline - 🏆 1. / 99 Read more »