Deutsche’s Future
What's in the near future for DB? They are clearly at the bottom of the BB now. There stock is has been tumbling. Is it temporary? IB's future at DB? Should incoming SA be concerned?
DB itself will certainly continue to exist - the German government will make sure of that. As for IB, that hasn't been DB's strategic focus for some time now (management has long been focused on making DB more of a commercial bank), so firmwide they won't be planning to splash the cash to expand IB for at least the next few years, but I don't think DB will completely cut IB either (advisory keeps getting poached every time they rebuild but isn't losing money, financing still plays a big component of IB with DB's strong corporate relationships and debt-lending capabilities, S&T still has really strong desks, and overall IBD's risk culture is pretty scaled down so they won't be doing CS IBD things and imploding anytime soon).
Can anyone comment on DB's NYC IBD in terms of deal experience/ exit opps/ culture/ strong groups?
DB IBD > UBS + CS IBD or vice versa?
Other way around by a mile
Lol you say this like UBS just upgraded. They were forced into a deal they didn’t want
Lol…kid…those companies haven’t even began integrating. Are you nuts? CS literally said in last earnings that they were looking to scale down IB and risk. UBS has publicly stated they’re winding down CS’ IB.
You guys look at everything in terms of like “BB tiers.” It’s very very strange. There are other elements to what makes a “better firm.” I don’t work at DB to save you time responding with that as some kind of weird insult.
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DB will be stronger than UBS / CS in EMEA (Prior to 2016, this was always the case and I think we will see a reversion to this)
UBS / CS will be stronger in North America, assuming UBS keeps the bulk of CS M&A and IB coverage (which they should do, given it would be a strong upgrade)
Yeah they will certainly not be as relevant in the US as they were once especially in M&A, debt should go better. In Europe they will continue to be one of the top banks even if their focus is shifting away from the 1980s "we want to be a global IB" vibe to a more classical and perhaps "German" approach with less risky business (IB etc) and more emphasis on commercial banking with still strong lending. This shift is working quite well for the moment with DB being profitable once again after long years of bleeding money. Honestly I dont see anything wrong with DB at the moment, people have kinda jumped on the DB meme train which probably explains why its stock fell so hard but if you really believe DB to be the next CS you have some delusions IMO.
Because DB is a FICC bank/Asset Manager. I wish some people will get that the world doesn’t revolve around IB, believe or not.
Agree with others, they have been actively deprioritizing their IB practice and losing market share though. Having worked at DB, I would take an offer at UBS in today’s world.
I am incoming at DB. Can I pm to ask you some questions
Hahah the bottom is always so contentious!
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