- CEO John Cryan is the right man to shrink the balance sheet further and bring to an end a seemingly endless series of compliance issue, says Ingo Speich, a fund manager at Union Investment, one of Deutsche's (DB +0.2%) largest shareholders. "Deutsche Bank is a restructuring case after a decade of mismanagement ... At the end of the day, there’s no other way for Deutsche Bank than to shrink itself back to health."
- Countering chatter that he's seeking even deeper investment banking cut than have already been tipped, Cryan says the bank is "unreservedly" committed to its securities-trading operation. Global markets, he says, “represents an indispensable element of our strategy ... The only way we have of providing our corporate clients with capital market expertise and global access.”
- The bank will concentrate its efforts on the one-third of clients which already produce 98% of revenues.