Deutsche Bank's (DB-1.3%) prime services, the once-lucrative unit that provides services to hedge funds, has suffered as a result of the German lender's ongoing turmoil, Bloomberg reports, citing ...
The relationship forged by the prime brokerage divisions with hedge-fund clients can often be the lifeblood of banks’ trading units. Deutsche Bank’s decline in the business is symptomatic of the ...
Image Credit: Bloomberg Frankfurt: Deutsche Bank’s new boss hailed significant progress in ... as well as US bond trading and its business that serves hedge funds. He said the moves would be swift. ...
Deutsche Bank said revenue from equity derivatives and its prime finance unit catering to hedge funds were “significantly higher". The bank’s consumer unit, which includes small- and mid-sized ...
Deutsche Bank's ... the securities unit - once earmarked for growth under Cryan's predecessor Anshu Jain. While revenue from equity trading declined as client activity decreased and prime finance - ...
BNP’s equities business, the other half of Osty’s domain, has boosted revenue by 38 percent since 2016 as he pushes an expansion of the prime brokerage unit, which caters to hedge fund ... Deutsche ...
Deutsche ... of the bank’s business with hedge funds, Barry Bausano, have since left. The hiring drive was foreshadowed by Deutsche Bank’s global head of equities, Peter Selman, who told Bloomberg in ...
Gary Cohn, president and chief operating officer at Goldman Sachs, just spoke at the Deutsche Bank ... was this slide below, setting out how the bank's client base has changed over time. In short, ...
Net income fell to €747 million ($813 million) from €924 million a year earlier, the Paris-based bank said Thursday. That missed the €863 million average estimate of six analysts surveyed by Bloomberg ...
Net income fell to €747 million from €924 million a year earlier, the Paris-based bank said. That missed the €863 million average estimate of six analysts surveyed by Bloomberg ... Justice into ...