German bank again before a difficult year – www.dw.de

The two CEOs Anshu Jain and Jürgen Fitschen raised in the Friday night (20/03/2013) Annual Report published in 2014, although progress of recent corporate restructuring forth and stressed: “The German bank has become a stronger, safer, better balanced and responsible Bank 2012 Design. “

But you are also aware that the institute’s still a difficult road ahead. “We are working hard on the next phase of our strategy,” she stressed. Results wants to present to “timely” Germany’s biggest money home. Already, however, indicates where things are headed: The topics and capital costs are the focus

This is also the core business of investment banking.. Although this is not negotiable, because the German Bank continues to be involved globally and especially in North rivals attempted to stand as Jain has signaled only this week on a bench conference. The division must, however, clearly set on a Abspeckkur.

rigor in investment banking

According to the Annual Report, the capital market business will continue to the changing environment adapted. They would “create a more efficient business model, sustainable yields can be generated with the”. Many areas have become more expensive due to the stringent regulation. A number of large European banks have investment banking divisions therefore already been cut or are in the process – such as the Swiss UBS and the British Barclays

As part of the strategy debate -. Which, according to financial circles was also the subject of the Supervisory Board on Friday – is currently, according to Insiders also discussed the role is to play the retail business around the Postbank future. This division is groaning under the continuing low interest rates. Going against it is more and more asset management, which has been radically transformed in recent years

Still, Jain and Fitschen make the shareholders is little hope that the promised return on equity after tax of twelve per cent within the Group -. Last were there less than three percent – is quickly reached. Because the market environment remains persistently difficult regulatory costs are high. There are also still smoldering billion-dollar lawsuits that may be damaged by hail it ever since.

A concrete profit forecast does not dare the money home in 2015 still. 2014 had the bottom line 1.7 (previous year: 0.7) stood by beech, as the bank had to announce in January billion euros. Two-digit billions in profits, as they enter the US competitors already are a distant memory.

Less money for the bosses

The parlous state results are reflected also in the wallet resists the two CEOs. Jain and Fitschen get 2014 a total of 6.66 million euros each – eleven percent less than last year, as shown in the Remuneration Report. But that

The remuneration of the entire Board declined by almost ten percent to 35.3 million euros. Include the two managers continue to be the top earners in Dax. The well-paid investment bankers have to make do with less, although they provided reliable in the past year: Group-wide bonuses shrank to 2.7 (3.2) billion euros, but increased the fixed salaries – apparently a consequence of the new EU rules to cap variable compensation.

bea / ml (Reuters, AP)