DB to make "painful" cuts in U.S. and Asia IB segments

"Deutsche Bank will focus its Corporate Finance business on industries and segments which either align with its core European client base or link to underwriting and financing products in which it enjoys a leadership position. Commitment to sectors in the US and Asia, in which cross-border activity is limited, will be reduced. The bank will remain committed to offering global industry expertise to corporates, financial institutions and financial sponsors whose activities are closely aligned with the strengths of the German and European economies."

That is a quote from DB's press today which means CF is directly affected, not just S&T, in both US and Asia.

good thought - i'd say banks that are trying to rapidly grow, so possibly RBC or WF

Per their announcement, they're also pulling out of advisory functions that focus solely on US or Asian company's. They will continue supporting multinationals and European firms.

You should be safe unless they pull out of your group entirely.

If the senior guys from your team are let go, what use are the analysts? You either will get reassigned to a different team if spaces are available or let go.

I would request coffee chats / calls with analysts in your group, if you have been placed. They usually have all dirt / insider info. Alternatively if you have not been placed, I would express cautious concern / raise this issue with HR.

Nothing worse than slowing marching to your inevitable death and not taking action.

Which product / coverage group are you joining?

Confirmed on that - DB Houston resume books circulating. Someone told me they were exiting oil and gas globally.