Point of view
Comment: Deutsche Bank on the brink
Deutsche Bank is in the deepest crisis of its recent history. Of better times she is far far away. The competition is long since out of sight. It’s for Survival, says Henrik Böhme.
John Cryan is doing his Best, you have to leave him. Where previously a more than self-confident, Josef Ackermann, the Bank and its business as a kind of Holy Grail paid homage to, Cryan of the humble workers. What other probably more than embarrassment, he is well-known: He and his colleagues on the Board for the past fiscal year, no Bonus. Cryan is the fighter, the optimist. But he admits to just nod. Because the German Bank does not have any other Chance.
Devastated
To the whole Disaster to understand, you only need a couple Numbers. Fear not, there are not many: of 24 billion dollars, 17 billion dollars, 16 billion dollars are the annual profit of the US banks JP Morgan, Citigroup and Bank of America. This is the League in which the German Bank once wanted to appear. But she has to be in the same market environment seven billion euros in Bad retracted. Also the other have drastic penalties to pay, they also suffer from the strict requirements of the regulators, also you had to trust to win back. The German Bank, but run the investors in the throngs of it; since the assumption of office of John Cryan in the summer of last year, the already poor share price virtually halved. To all misery, the first credit rating Agency already in their judgment: downgrading the Ratings, the Outlook is negative.
Henrik Böhme, Business Section
If you take the stock-market value, then comes Germany Vorzeigebank not even among the Top 50 in the world. You, you take the 20 billion Euro market capitalisation, practically a Übernahmekandidatin. But these Concerns you need to be in the Frankfurt twin towers did not make it: Who wants this Load already buy, just pretty much through the area trundles. On the search of a business model, after a right to exist. Do you really want a universal stay? Or would it be not better, the Bank split? How will the challenge posed by the digitization of the industry meet? These questions, the new leadership has so far not answered. While it is much optimism to hear from the “light at the end of the tunnel”. But that could just as well also the lights of a locomotive, the on the Bank across the rolls.
You have no Chance. So use it!
Of course, these are now hard times: Nearly seven billion Euro loss, this is a disaster. This is the real deal, that goes to the core. It needs the Bank is in desperate need of money, to the massive conversion lift. And no one can answer the question, how expensive the whole litigation can be. The GAU would be the loss of the banking license in the United States. Unlikely? So really good are the Americans, the Germans just do not talk – Volkwagen salute.
There are a few bright spots, that is correct. Maybe worthy of the Deutsche Bank in this year already a little bit of money. But it would be none of the Board members to be the house bet. And yet it would be so important for Germany that the German Bank a global Player. What would it be for a light on the successful export nation Germany take, if the country is not large, internationally successful Bank more to show for it would have. Now you can get tubs of malice on the German Bank dump. But you can also hope to see you again on the legs. The least the Bank currently has, time and trust. The market is merciless. John Cryan and his team have actually no Chance. But, as the Sport also is: Exactly this could be the Chance.