trending Market Intelligence /marketintelligence/en/news-insights/trending/ljVwpSfyhFmgCE4FqYTQfQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Deutsche Bank to streamline German retail banking structure to cut costs

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Report: Deutsche Bank to streamline German retail banking structure to cut costs

Germany's Deutsche Bank AG plans to merge DB Privat- und Firmenkundenbank AG, the legal entity that runs its domestic retail banking operations, into the group structure, the Financial Times reported, citing people familiar with the matter.

The move is said to be part of the lender's aim of slashing about €100 million in annual costs.

The bank, which is under investor pressure to show signs of progress in executing its radical €7.4-billion restructuring, is expected to announce the decision at a capital markets day slated for Dec. 10.

Deutsche Bank Privat- und Firmenkundenbank, or PFK, held a fifth of the group's total assets and has some 34,000 staff at 2018-end. Under its structure, which dates back two decades, PFK has a separate banking license, its own supervisory and executive boards, and its own risk and control functions, resulting in duplication and internal red tape, sources told the FT.

The retail banking operations is part of Deutsche's private bank, which is at the center of CEO Christian Sewing's strategy to revive profits and cut its reliance on declining investment banking revenue. Scrapping PFK will add roughly 7% to the private bank's cost-cutting target of €1.4 billion by 2022, the report noted.