Oct 25, 2018
The gulf between Barclays and Deutsche Bank
The gulf between two of Europe's biggest investment banks couldn't be wider. Barclays and Deutsche Bank reported quarterly earnings on Tuesday with figures that underlined their diverging paths, as well as the distance they still have to go to lob a fight with US rivals such as Goldman Sachs, Morgan Stanley and JPMorgan Chase. All of Deutsche's investment banking divisions reported declines in revenue. The bank is facing serious competition from publicly owned banks and is struggling to keep up with peers in the US, where lucrative assignments have bolstered rivals. The good news is that in September Deutsche finished the restructuring of its investment bank.
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