Home / Financial Services/ Deutsche Bank to review investment bank business: New CEO

Deutsche Bank to review investment bank business: New CEO


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 10 April 2018 00:23


FRANKFURT (Reuters): Deutsche Bank must take “tough decisions” as it seeks to return to profit and will review its investment banking business, its new Chief Executive Christian Sewing said in a letter to employees.

“We’ll thoroughly analyse how we want to position this (investment banking) pillar of our bank in a difficult market environment,” Sewing said in the letter, which Deutsche Bank published on its website on Monday.

“The priority is to leverage our strengths and to allocate our investments accordingly. And at the same time we will look to free up capacity for growth by pulling back from those areas where we are not sufficiently profitable,” he said, without providing details.

Deutsche Bank late on Sunday named retail specialist Sewing as its CEO, signalling a possible retreat from almost three decades of empowering investment bankers at Germany’s largest lender.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Top Cola brand crashing globally; lesson for Sri Lanka

Friday, 20 July 2018

We have heard the age old adage, if a brand is not in line to the trends of a customer, they will cease to exist over time.


Religion and politics: a tale of two hypocrisies

Friday, 20 July 2018

It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief,


Sri Lanka’s Trade Information Portal – Bringing local traders one step closer to the global market

Friday, 20 July 2018

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry


Building great organisations: What will it take in the future?

Friday, 20 July 2018

I would like to begin by congratulating the Great Place to Work Institute for organising this event to recognise ‘Sri Lanka’s Best


Columnists More