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Research, Charts & Company Announcements

Research Tree offers DEUTSCHE BANK AG-REGISTERED research coverage from 1 professional analysts, and we have 7 reports on our platform.

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Date Source Announcement
26/10/2016 12:35:00 PR Newswire Banking Stocks Under Scanner -- Itau Unibanco, Banco Bradesco, Deutsche Bank, and Banco Bilbao Vizcaya Argentaria
26/10/2016 12:02:58 London Stock Exchange Form 8.5 (EPT/RI) UK Mail Group Plc
26/10/2016 12:01:49 London Stock Exchange Form 8.5 (EPT/NON-RI) London Stock Exchange
26/10/2016 12:01:03 London Stock Exchange Form 8.5 (EPT/RI) London Stock Exchange
26/10/2016 11:59:29 London Stock Exchange Form 8.5 (EPT/RI) Deutsche Borse AG
25/10/2016 12:04:54 London Stock Exchange Form 8.5 (EPT/RI) London Stock Exchange
25/10/2016 12:02:46 London Stock Exchange Form 8.5 (EPT/RI) Deutsche Borse AG
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Latest Content

Further Strategy 2020 details

  • 29 Oct 15

Deutsche Bank released for the press conference this morning additional details of its Strategy 2020. Making Deutsche Bank simpler and more efficient: - Close onshore operations in 10 countries: Argentina, Chile, Mexico, Peru, Uruguay, Denmark, Finland, Norway, Malta, and New Zealand; move trading activities in Brazil to global and regional hubs; further centralise booking locations in global and regional hubs as part of the new Global Markets and Corporate & Investment Banking (CIB) structure; - Reduce its work force by c.9,000 net full-time equivalent (FTE) positions plus c.6,000 external contractor positions in its Global Technology & Operations infrastructure function; - Reduce the number of clients in Global Markets and CIB by c.50%, especially in higher operating risk countries, given that c.30% of clients produce 80% of the revenues in these business divisions; - Modernise its outdated and fragmented IT architecture, including by reducing operating systems and replacing the bank’s end-of-life hardware and software applications; - Eliminate c.90 legal entities. In addition, the bank plans to dispose of assets with a total cost base of c.€4bn and 20,000 FTE over the next 24 months. Allowing for inflation, increased regulatory spending, software amortisation, and investments in business growth, the bank targets adjusted costs of below €22bn in 2018. Cost reduction targets: - Adjusted costs below €22bn in 2018; - Gross savings of €3.8bn by 2018 with restructuring and severance costs of €3.0–3.5bn, two-thirds of which to be spent by 2016; - Cost income ratio of c.70% in 2018 and 65% in 2020. Capital strength targets: - Leverage exposure reduction of c.€170bn and risk weighted asset reduction before regulatory inflation of c.€90bn by 2018 - Planned suspension of dividend on common equity for the fiscal year 2015 and 2016; - Common Equity Tier 1 capital ratio of at least 12.5% from end 2018; - Leverage ratio of at least 4.5% at end 2018 and at least 5% at end 2020; - Returns to shareholders: Post-tax return on tangible equity greater than 10% by 2018; - Materially wind down the Non-Core Operations Unit (NCOU) by the end of 2016. The bank anticipates that the winding down of the NCOU will be accretive to the CET1 ratio and have an incremental negative P&L impact of between €1.0bn and €2.0bn. More details could be released at the investor presentation at 5pm.

Organisational restructuring and reorganisation of key management

  • 19 Oct 15

Deutsche Bank has announced that it will fundamentally change its group and leadership structure. At an extraordinary meeting in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Bank´s business divisions. This will be supplemented by a reorganisation of executive committees and senior management changes. - The Group Executive Committee (GEC) will be abolished, as will ten of the current 16 Management Board committees. Effective from 1 January 2016, all four core business divisions will be represented directly on the Management Board. A ten-person Management Board will be supplemented by four General Managers (“Generalbevollmächtigte”). - The Corporate Banking & Securities (CB&S) business division is a main focus of the organisational restructuring and will be split into two business divisions. Effective from 1 January 2016, a business division called Corporate & Investment Banking will be created by combining the Corporate Finance business in CB&S and Global Transaction Banking (GTB). CB&S’s sales and trading activities will be combined in a newly-created business division called Global Markets. Additional changes will affect Deutsche Asset & Wealth Management. High net worth clients will be served by Private Wealth Management which will be run as an independent business unit within the Private & Business Clients business division. Deutsche Asset Management will become a stand-alone business division and focus exclusively on institutional clients and the funds business. - The current Management Board members, Stefan Krause and Stephan Leithner, will resign at the end of October 2015. Henry Ritchotte, currently Chief Operating Officer, will leave the Management Board at year-end and set up a new digital bank for Deutsche Bank.

The profit warning for Q3 is no surprise

  • 08 Oct 15

Deutsche Bank expects to incur charges that will materially impact the Q3 15 results: •An impairment of all goodwill and certain intangibles in Corporate Banking & Securities (CB&S) and Private & Business Clients (PBC) of c.€5.8bn. This is largely driven by the impact of expected higher regulatory capital requirements on the measurement of the value of these segments as well as current expectations regarding the disposal of Postbank. •An impairment of the carrying value of Deutsche Bank's 19.99% stake in Hua Xia Bank of c.€0.6bn. This reflects an updated valuation triggered by a change of view on the holding as Deutsche Bank no longer considers this stake to be strategic. •Litigation provisions of c.€1.2bn, the majority of which are not expected to be tax deductible. Final litigation provisions in the quarter may be affected by further events before finalising and reporting the Q3 results. The impairment of goodwill and intangibles and of the Hua Xia investment will have no significant impact on Deutsche Bank's regulatory capital ratios. Deutsche Bank currently expects to report a fully-loaded CRR/CRD4 Common Equity Tier 1 ratio for Q3 of c.11%, which includes the impact of European Banking Authority Regulatory Technical Standards (“Prudential Valuation”) that were adopted in the quarter. Based on these charges, Deutsche Bank expects to report Q3 income before income taxes (IBIT) a loss of c.€6.0bn and a net loss of €6.2bn. Year-to-date results through Q3 are expected to be an IBIT loss of c.€3.3bn and a net loss of €4.8bn. As part of the planning for the implementation of Strategy 2020, the Management Board will recommend a reduction or possible elimination of the Deutsche Bank common share dividend for the 2015 fiscal year. The final Q3 figures will be determined in the coming weeks and will be disclosed, together with details of the implementation of Strategy 2020, which is now scheduled to occur on 29 October.