The bank missed expectations to post smaller than expected profits, warning of a challenging second half, although its investment bank did better than US counterparts.
Tag: Investment banking
Philip Drury will head up the recently formed banking, capital markets and advisory business at Citi for the EMEA region.
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
Deutsche Bank dropped two places in a top 10 global investment bank ranking, as revenues fell 20%.
Revenues across top 10 investment banks continue to fall across fixed income and equities trading.
Investment banking revenue in 2016 expected to decline for fourth year in a row.
Job cuts in financial services surge as “Wall Street executives are trying to shrink staffing levels as profits remain under pressure,” says Integrity Research.