Product details

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Abstract

Deutsche Bank, the leading German bank, established in 1870, had earned a pre-tax profit of 6.4 billion euros for the year 2005, 4.8 billion euros being contributed by the Corporate & Investment Banking (CIB) division. The CIB division of the Bank was co-headed by Anshu Jain, who was appointed in September 2004 to jointly head the division along with Michael Cohrs. All through his career at Deutsche Bank, Jain had specialised in innovating cross-product solutions and monitoring the derivative products such as credit default swaps and collateralised debt obligations. The success of these financial instruments had played a key role in helping the Bank to reach the goal of achieving 25% of pre-tax return on equity and grab the 'Bank of the Year Award' for the year 2005. However, in the process, the Bank's investment division was confronted with a tarnished image.
Location:
Industry:
Size:
EUR25.6 billion (revenues 2005)
Other setting(s):
February 2006

About

Abstract

Deutsche Bank, the leading German bank, established in 1870, had earned a pre-tax profit of 6.4 billion euros for the year 2005, 4.8 billion euros being contributed by the Corporate & Investment Banking (CIB) division. The CIB division of the Bank was co-headed by Anshu Jain, who was appointed in September 2004 to jointly head the division along with Michael Cohrs. All through his career at Deutsche Bank, Jain had specialised in innovating cross-product solutions and monitoring the derivative products such as credit default swaps and collateralised debt obligations. The success of these financial instruments had played a key role in helping the Bank to reach the goal of achieving 25% of pre-tax return on equity and grab the 'Bank of the Year Award' for the year 2005. However, in the process, the Bank's investment division was confronted with a tarnished image.

Settings

Location:
Industry:
Size:
EUR25.6 billion (revenues 2005)
Other setting(s):
February 2006

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