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 did Jamie Dimon say is necessary to win in the banking industry?

What is the expected change in tech expenses for Deutsche Bank by 2020?