Deutsche to hire in coverage, focus on IG issuance
Deutsche Bank laid out its strategy for its investment bank at an investor "Deep Dive" event on Tuesday. As part of a plan to boost the return on tangible equity, it is focusing on cutting costs in the back office and raising revenues in financing and origination.
After restructuring earlier this year, the investment bank is now separated out from the transaction bank and some assets have been moved to the capital release unit.For the new, slimmed-down operations, Deutsche Bank is aiming for a return on tangible equity of 7%-8% in 2022, versus 3% ...
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