Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Reuters Today: Spanish yields seen rising at auction
Reuters Today: Spanish yields seen rising at auction - 06:21
Surprise services boost points to UK recovery
Surprise services boost points to UK recovery - 02:54
Breakingviews: Do as I say, not as I do – German wages
Breakingviews: Do as I say, not as I do – German wages - 05:04
Market Pulse: Spain under fire as investors shun bond sale
Market Pulse: Spain under fire as investors shun bond sale - 03:28
Myanmar's Kyat begins managed float
Myanmar's Kyat begins managed float - 01:59
ASEAN: territorial code of conduct draft by year-end
ASEAN: territorial code of conduct draft by year-end - 01:48
U.S. Morning Call: Stock futures down, JPMorgan to be fined
U.S. Morning Call: Stock futures down, JPMorgan to be fined - 02:08
EMEA Day Ahead:: Thursday
EMEA Day Ahead:: Thursday - 03:13
3XSQ: Customer funds in question; royal return
3XSQ: Customer funds in question; royal return - 05:44
Still cashing in? Hirst retrospective
Still cashing in? Hirst retrospective - 02:32
World's biggest car delivery center
World's biggest car delivery center - 02:41
FACTBOX: Titanic the movie sails again
FACTBOX: Titanic the movie sails again - 02:20

Deutsche Bank chiefs gather for strategy rethink

Friday, September 02, 2016 - 01:46

Deutsche Bank chiefs are reported to be holding a special weekend gathering on how to speed up cuts at Germany's biggest lender as it grapples with low rates and lower revenues. Axel Threlfall reports.

▲ Hide Transcript

▶ View Transcript

Deutsche Bank's top brass hold a get-together this weekend, but it may not be the most festive occasion. Sources telling Reuters that the giant lender is thinking about making deeper, faster cuts. Deutsche slipping down rankings of the continent's top banks. SOUNDBITE (English) IG SENIOR ANALYST, CHRIS BEAUCHAMP, SAYING: "Activity has not picked up as well as it should have done. They're still faced with large overhangs in their derivatives positions. It's still a major issue for Germany's most important bank that they haven't reformed in the same way that US banks have. Global ambitions are much diminished. It finds itself saddled with the legacy of those ambitions and really despite its best efforts to turn itself around, there's still a lot more work to be done." Deutsche also dogged by legal battles in the US, including one over mortgage misselling. Last year it set out plans to cut 15 thousand jobs. The bank will also shed units employing another 20 thousand people. Now Reuters sources say more asset sales could be planned: SOUNDBITE (English) REUTERS CORRESPONDENT, ARNO SCHUETZE, SAYING: "Deutsche Bank has said in the past that it wants to divest Postbank, it's big retail arm, although we don't really expect that to happen before 2018 now. There's a couple of other things that they're looking at. There's Abbey Life, the UK insurer, there's always talk about them divesting the asset management unit. but we don't really expect any decision on this in the short term." In August Deutsche briefly held tie-up talks with rival Commerzbank. That idea bemused some analysts, who say regulators want banks to shrink. Deutsche IS already moving in that direction. But with assets of some 1.8 trillion euros, there could be a long way to go.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Deutsche Bank chiefs gather for strategy rethink

Friday, September 02, 2016 - 01:46

Featured Videos

Racing to 'catch' a U.S. spy plane

Racing to 'catch' a U.S. spy plane

Footage shot by a Reuters correspondent shows a military operation akin to something from a ‘Fast & Furious’ film: U.S. servicemen in muscle cars racing along a runway to guide a a U-2 spy plane coming in for a landing.
London's female wrestling scene boosted by Netflix show 'Glow'

London's female wrestling scene boosted by Netflix show 'Glow'

There has been more interest in female wrestling and a clearer sense of what it involves since hit Netlfix show 'Glow' came out
Chimpanzees can understand rock, paper, scissors

Chimpanzees can understand rock, paper, scissors

Chimpanzees can understand rock, paper, scissors, Japanese primatologists show
Bladerunners - UK lawnmowers in 12-hour endurance race

Bladerunners - UK lawnmowers in 12-hour endurance race

Drivers donned their suits and climbed into their cockpits at the weekend for a 12-hour endurance race with a difference: they weren't driving rallying cars, but lawnmowers
The highs and lows of Macron's first 100 days

The highs and lows of Macron's first 100 days

French President Emmanuel Macron heads into the summer break faced with falling popularity ratings after tough debates in parliament over labour reform and a public ethics law, a standoff with the military and cuts to housing assistance