Deutsche Bank AG :: essays research papers

Walker, M. (October 23, 2000). Deutsche banking concern Plans to Make Its Retail Unit A Stock Outlet. The Wall Street Journal (pg A29-30)This article is about Deutsche situate AG tried to sell its sell business in dedicate to concentrate on corporate and enthronement banking six month ago and it is now working on a plan to change its retail unit into a pan-atomic number 63an outlet for stocks, mutual funds and other investment funds products.Today, pass on executives of the worlds largest bank by assets, Deutsche shore, are going to present their fresh ideas to their supervisory board. The board planned to consider the management proposals earlier this course of study before big steps were taken.The banks powerful investment-banking fraction Global Corporates & Institutions encourages the new idea. GCI oversees the retail network as a dispersion channel to the growing class of wealthy Europeans who are changing their nest egg into stocks and investment funds.Mr. Breuer had been told to rethink his previous plan to sell a mass stake in Deutsche Bank 24 by the supervisory board. The banks top investment bankers believe that retaining the retail business and focusing its efforts on exchange investment products is profitable than conventional banking services. In addition, Michael Philipp, the manager of the Deutsche Banks asset-management division, is also move the retail restoring to increase the sales of fund-management unit DWS, Europes biggest mutual-fund company.These plans arent limited with only Deutsche Bank 24, it is also for the groups private-banking unit, serving high net-worth clients because of its aggressive expansion as a European sales channel for the GCI and asset-management units. Deutsche Bank also plans to win retail customers in the United States. It was that was followed a bid for National Discount Brokers free radical Inc. earlier this month. It is up to the supervisory boards decision to buy up the plan in order to keep the retail bank. On the other hand, they can oppose a strong shift away from canonic retail banking. In todays meeting, there may be an understanding that leaves Deutsche Bank still well established in traditional domestic retail banking, as well as the retail investment services that stimulate its GCI bankers.Deutsche Bank had budgeted $109.3 million to build up Deutsche Bank 24 in Europe in August that includes redesigning branches abroad, merging entropy technology and marketing the new business. Management consultants have expected that it would exist about 300 million euros to achieve credit across Europe in marketing.