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Jul 17, 2015
via Breakingviews

Bafin barbs show scale of Deutsche overhaul task

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Bafin’s barbs against Deutsche Bank underscore the scale of the challenge facing new co-Chief Executive John Cryan. A leaked letter from the German watchdog, published by the Wall Street Journal on July 16, slams the bank’s executives over the Libor scandal for “serious omissions of responsibility”. Repairing relations with the regulator and strengthening the bank’s controls will compound the already-sizeable job of boosting Deutsche’s financial performance.

Jul 17, 2015
via Breakingviews

Bafin barbs show scale of Deutsche overhaul task

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Bafin’s barbs against Deutsche Bank underscore the scale of the challenge facing new co-Chief Executive John Cryan. A leaked letter from the German watchdog, published by the Wall Street Journal on July 16, slams the bank’s executives over the Libor scandal for “serious omissions of responsibility”. Repairing relations with the regulator and strengthening the bank’s controls will compound the already-sizeable job of boosting Deutsche’s financial performance.

Jul 9, 2015
via Breakingviews

Barclays investment bank is hardest to turn round

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Barclays faces the biggest test in retooling its investment bank. Chief executives at the UK lender, Credit Suisse and Deutsche Bank have now all left, meaning new leaders will tackle their respective divisions’ futures. All three have lost market share to Wall Street over the last few years. But the UK bank’s shrinking broker-dealer revenue makes it the top contender for further slippage.

Jul 9, 2015
via Breakingviews

Barclays investment bank is hardest to turn round

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Barclays faces the biggest test in retooling its investment bank. Chief executives at the UK lender, Credit Suisse and Deutsche Bank have now all left, meaning new leaders will tackle their respective divisions’ futures. All three have lost market share to Wall Street over the last few years. But the UK bank’s shrinking broker-dealer revenue makes it the top contender for further slippage.

Jun 17, 2015
via Breakingviews

Wall Street lead over EU banks looks set in stone

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

European investment banks will find regaining ground ceded to their stateside rivals a hard slog. Trading and advisory revenue at the region’s five largest banks – Barclays, BNP Paribas, Credit Suisse, Deutsche Bank and UBS – accounted for more than two-thirds of that generated by their five largest U.S. counterparts in 2010, according to a Breakingviews analysis. While disclosures complicate exact comparisons, last year they look to have mustered less than half.

Jun 8, 2015
via Breakingviews

Anshu Jain’s painful lessons for new Deutsche boss

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Deutsche Bank’s new chief executive needs to learn some painful lessons from Anshu Jain. Investors fed up with the bank’s slow progress on cutting costs and boosting capital have cheered news of the co-CEO’s departure after three years in charge. New broom John Cryan should study his predecessor’s mistakes.

May 5, 2015
via Breakingviews

UBS pulls ahead of both activist and rivals

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

UBS is out in front of both activist investor Knight Vinke and its own banking rivals. The Swiss lender’s first-quarter net profit leapt 88 percent from a year earlier to 2 billion Swiss francs ($2.1 billion), way above the 1.1 billion francs pencilled in by analysts. And unlike peers, UBS’s capital strength improved on both main metrics.

May 5, 2015
via Breakingviews

UBS pulls ahead of both activist and rivals

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

UBS is out in front of both activist investor Knight Vinke and its own banking rivals. The Swiss lender’s first-quarter net profit leapt 88 percent from a year earlier to 2 billion Swiss francs ($2.1 billion), way above the 1.1 billion francs pencilled in by analysts. And unlike peers, UBS’s capital strength improved on both main metrics.

Apr 27, 2015
via Breakingviews

Deutsche Bank revamp puts capital ahead of returns

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Deutsche Bank investors are being asked to wait for slim pickings. Germany’s largest lender said on April 27 it would cut investment banking assets by 200 billion euros ($217 billion), jettison its underperforming Postbank retail subsidiary, and find 3.5 billion euros in new savings by 2020. The upside is much-improved capital strength. The downside is unexciting returns.

Apr 27, 2015
via Breakingviews

Deutsche Bank revamp puts capital ahead of returns

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Deutsche Bank investors are being asked to wait for slim pickings. Germany’s largest lender said on April 27 it would cut investment banking assets by 200 billion euros ($217 billion), jettison its underperforming Postbank retail subsidiary, and find 3.5 billion euros in new savings by 2020. The upside is much-improved capital strength. The downside is unexciting returns.

    • About Dominic

      "Dominic is a London-based columnist covering investment banking. Prior to Breakingviews, he spent two years at moneydealer ICAP, where he brokered equity derivatives trades between investment banks, high-frequency trading firms and hedge funds. He has more than five years of financial journalism experience, including stints as news editor and investment banking editor at Financial News. He has also written for The Wall Street Journal Europe. Dominic holds an MA in Classics from Oxford University and an MSc in Development Management from the London School of Economics. Follow Dominic on Twitter @DominicElliott"
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