What Deutsche Bank's Restructuring Means for the Firm, Banking Industry

The transcript discusses Deutsche Bank's job cuts, focusing on the equities business and market dynamics. Allison Rooms provides insights into the evolving global landscape, highlighting the impact of MiFID II reforms. The discussion also covers changes in prime brokerage and the strategic decisions of banks like Citigroup and Deutsche Bank. The future outlook for Deutsche Bank is debated, with concerns about investor patience and the ambitious targets set for 2022.

What is the main concern regarding Deutsche Bank's job cuts?

• The exact number of job cuts

• The effect on global markets

• The specific areas where cuts will occur

• The impact on customer service

What strategic move is Deutsche Bank making in the equities business?

• Partially exiting the equities business

• Expanding their equities business

• Exiting the equities business entirely

• Focusing solely on European equities

How have MiFID II reforms affected the industry?

• Decreased transparency in trading

• Expansion of the equities market

• Increased competition among smaller firms

• Concentration of commissions at the top

What is Deutsche Bank's target for return on tangible common equity by 2022?

• 10%

• 8%

• 12%

• 5%

What is a potential challenge for Deutsche Bank in achieving its 2022 targets?

• Increased competition from smaller banks

• Over-reliance on European markets

• Economic uncertainty

• Lack of investor interest