Godlike Productions - Discussion Forum
Users Online Now: 984 (Who's On?)Visitors Today: 300,832
Pageviews Today: 459,320Threads Today: 148Posts Today: 2,043
04:59 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Deutsche Bank just lost its prime position in a prominent investment banking league table

 
Uncle Fuck Stick
Offer Upgrade

User ID: 70967670
United States
04/03/2016 01:29 PM
Report Abusive Post
Report Copyright Violation
Deutsche Bank just lost its prime position in a prominent investment banking league table
Thread: Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks



[link to www.businessinsider.com]







Deutsche Bank is suffering — it lost £5.1 billion ($7.4 billion) in 2015, shares tumbled, it is cutting thousands of jobs to shore up costs, and some of its key businesses continue to suffer.

So it comes as no surprise that it slipped down a prominent investment banking league table by research house Coalition. Even one of Deutsche's key personnel said it was "not surprising."

The Financial Times reported that Deutsche fell from its position as a top three global investment bank this quarter despite retaining that ranking since before the financial crisis in 2007/2008.

It has now moved to fifth place, below Citigroup and Bank of America which both held joint third position and below Goldman Sachs in second place and JPMorgan in first place.

Coalition ranks global investment banks by total revenue taken from fees and trading and converts these into US dollars.

“[The results] are not surprising," said Ram Nayak, Deutsche Bank’s head of fixed income, to the FT.

"They reflect a well-flagged shift in our strategy that has seen us focus on delivering a better quality of service to a smaller number of clients over a more targeted range of products.”


More in link
:4hlick:





GLP