Deutsche Bank Raids Rival's Talent to Boost Wealth Management

The transcript discusses the expansion of wealth management units in banks, highlighting the steady revenue stream from high net worth clients. It also covers the competitive landscape in the banking industry, where banks like Credit Suisse and Bank of America are offering significant raises to attract talent. Additionally, the transcript examines tech spending trends, noting that while some banks like JP Morgan are investing heavily in technology, others like Deutsche Bank are cutting tech expenses significantly.

What is the primary focus of the bank's expansion plans?

• Retail banking

• Wealth management

• Corporate loans

• Cryptocurrency investments

How much is the bank planning to spend by 2022 for its overhaul?

• $8 billion

• $10 billion

• $12 billion

• $5 billion

What percentage raise were bankers offered to attract more talent?

• 20%

• 30%

• 40%

• 50%

Which bank showed an increase in equity trading revenue?

• Bank of America

• Deutsche Bank

• Credit Suisse

• Goldman Sachs

By what percentage is Deutsche Bank planning to cut its tech expenses by 2020?

• 10%

• 15%

• 20%

• 25%