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Deutsche Bank is on the ropes without a plan for retaliation



First-quarter results from the largest German bank on Friday showed that revenue fell faster than spending one day after the merger negotiations with Crosstown's Commerzbank ( CRZBF )

However, CEO Christian Shevs was a mom on the way ahead.

"We will not be attracted to speculation about what other options we have considered or what options are or are not under consideration," said Shev. asked for potential changes to the strategy during the pay-as-you-go call.

"You should not draw any conclusion from this unwillingness to comment," he added. Deutsche Bank DB ) declined by 3% in Frankfurt, demanding losses in the past year to nearly 40%. Investors clearly want the seam to be more forthcoming for what will happen next, but it does not provide details. "The struggle

Deutsche Bank struggled to find direction in the years after the global financial crisis, starting a series of repairs that failed to reach

His problems were fully shown in the latest quarterly profits, with profits rising by 67% in the first three months of the year, but this is due entirely to one more lap of belt tightening. 9% and the company said it would be "substantially flat" for a year

Deutsche Bank has stepped up in recent years in some investment banking activities. But the division still accounts for more than half of the bank's revenue and is under pressure, eats huge chunks of capital even when he lags behind

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bank service revenues dropped 13 percent to 3.3 mln e. (EUR 3.7 billion. dollars), while unit costs amounted to 3.4 billion. (EUR 3.8 billion. dollars).

Sewing, who has been CEO for a year, said on Friday that spending is something the bank can control. "In 2018, he described the plans to reduce thousands of jobs in detail."

"The market is skeptical of the plan they have already put forward," the analyst said. said Bank of America Merrill Lynch, Andrew Stimpson, Bank of America Merrill Lynch analyst. Deutsche Bank managed to postpone questions about its wider strategy over the past six weeks while negotiating mergers with Commerzbank.

19659023] Some leading German politicians supported the deal, which would create a national champion

But the banks said on Thursday that a deal would not happen by referring to implementation risks and restructuring costs
  Deutsche Bank CEO Christian Schweinberg faces heavy burdens questions about the future of the bank

Speculation about how the bank can move forward includes options ranging from a dramatic review not its investment bank to exit the US market as a whole. "

The Financial Times reported earlier this week that Deutsche Bank is in" serious "negotiations with the Swiss bank UBS ( UBS ) merger of their asset management departments

One scenario allegedly under discussion will include UBS folding its asset management division at Deutsche Bank into exchange of shares in the German group

This may give them the scale necessary to compete with heavy-duty industrial enterprises such as BlackRo "We consistently point out that we intend to participate in the consolidation of the industry that we expect in asset management," said Shevshi, on Friday.

The Wall Street Journal reports that Deutsche Bank is looking to create a "bad bank" that will put unwanted assets and businesses. 19659003] All major structural changes can be limited by one key factor: price.

UBS analysts reported on Friday that the bank "can not afford a radical change." The most likely result is, according to them, the approach by which Deutsche Bank reduces its costs while trying to increase revenue.

On the issue of the United States at least Sewing seems crucial.

The starting point is that Deutsche Bank will remain a globally significant financial services institution that will present and serve customers in key geographic areas, "he said. "This includes the United States and Asia."


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