The European Central Bank’s methods to spur economic growth may not be as effective as the Federal Reserve’s due to structural differences in their respective economies, Deutsche Bank AG co-Chief Executive Officer Anshu Jain said.
Deutsche Bank AG, Europe’s biggest investment bank, plans to expand in fixed-income trading in Europe and the U.S. as the company’s competitors retrench, according to co-Chief Executive Officer Anshu Jain.
Deutsche Bank AG lost about 26 junior bankers in Hong Kong over the past four months, the biggest number of such departures from the firm in Asia in at least five years, two people with knowledge of the matter said.
Deutsche Bank AG is betting its 8 billion-euro ($11 billion) capital increase will help it grab market share in fixed income as a slump in trading prompts competitors including Barclays Plc to retreat.
Deutsche Bank AG investors are divided over how Germany’s biggest bank should raise capital, with some shareholders favoring its plans to avoid a share sale, said co-Chief Executive Officer Anshu Jain.