BBC News, October 27, 2010
Germany's largest bank, Deutsche Bank, has reported a third-quarter loss linked to its planned purchase of Deutsche Postbank.
It reported a pre-tax loss of 1.2bn euros ($1.66bn; £1.05bn) in the quarter, hit by a 2.3bn-euro charge connected to the Postbank deal.
Deutsche job cuts to come
The Bottom Line:
Deutsche Bank is currently reviewing its personnel and are expected to cut 5-10% of their staff.
Investment Bank, Securities Dealing Job Count Sinks Again
The Bottom Line:
The number of workers in investment banking and securities in New York has declined more than 20% for the second year in a row.
Morgan Stanley Cuts Investment Bank's Bonus Pool 8% as Brokerage Pay Rises
MOVES-FINRA, JP Morgan, Deutsche Bank, UBS
Jefferies: the bank that keeps on hiring
Traders strike out to sell skills in a buyer’s market
Jonathan Burgos, Bloomberg, August 23, 2010
Deutsche Bank AG started dark pool trading in Hong Kong today, the German lender’s first such platform in Asia, to meet growing demand in the region.
After Hong Kong, the bank plans to offer off-exchange trading in Australia, Japan and Singapore, said Mark Davis, head of equity and equity-linked execution for the Asia-Pacific region at Deutsche Bank. The timing of the introduction in those markets is still being confirmed, he said.
Jessica Hodgson, The Wall Street Journal, August 12, 2010
LONDON (Dow Jones)--Basil Geoghegan, one of the bankers who played a key role in restructuring the U.K. banking industry during the financial crisis, has left his job at Deutsche Bank AG (DB) to join a telecoms start-up.
Geoghegan has left Deutsche Bank after just over a year, a spokeswoman for the bank confirmed, but declined to provide more specific information.
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Aaron Kirchfeld, Bloomberg, August 3, 2010
Deutsche Bank AG’s Wolfgang Matis, head of the global markets unit in Germany, will be retiring at the end of 2010 after 33 years at the company.
Dirk Schmitz who is joining Frankfurt-based Deutsche Bank from Morgan Stanley, will assume Matis’s main responsibilities, according to an internal memo obtained by Bloomberg News and confirmed by spokesman Frank Hartmann.
The New York Times, July 13, 2010
Deutsche Bank said on Tuesday that it has hired Jeffrey Mayer, a former senior trading executive at UBS and Bear Stearns, as its head of global markets for North America.
The hiring of Mr. Mayer, who will oversee the German bank’s sales and trading business in the region, is the first major appointment under Anshu Jain, the newly minted head of Deutsche Bank’s corporate and investment bank.
Julia Werdigier, The New York Times, July 14, 2010
LONDON — Deutsche Bank said Wednesday it hired Dixit Joshi as head of equities in Europe, the Middle East and Africa to help expand its cash equities and equity derivatives business.
Mr. Joshi will join Deutsche Bank from Barclays, where he held the same position, in October in London and report to Garth Ritchie, global head of equities. Mr. Joshi is widely credited for helping Barclays muscle into the European equities business over the last two years.
Jacqueline Simmons and Aaron Kirchfeld, Bloomberg, June 15, 2010
Deutsche Bank AG, Germany’s biggest bank, plans this week to name Anshu Jain the sole head of the corporate and investment bank, the company’s biggest money maker, two people familiar with the matter said.
Jain, 47, will take over responsibilities for the corporate finance and transaction banking units from Michael Cohrs, 53, who plans to retire, said the people, who declined to be identified because the talks are private. An announcement may be made as early as today, one of the people said.
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