Deutsche Bank CB Flashcards
Trade Finance and Lending
Plays a role in financing their client’s receivables, payables, and inventories.
Through ST loans, TF&L helps improve their clients cash conversion cycles, allowing them to continuously grow and expand.
Strategic Corporate Lending
Provides loans and financing to investment-grade clients, about 600 of them.
SCL works with coverage to establish relationships with clients, determining whether or not to enter revolving credit facilities or enter term loan agreements with their clients
Securities Services
Provides security services to clients to help them adjust to new regulatory environments and technological advancements
T+2 - T+1
Ultimately, SS helps their clients with custody and clearing, and fund administration
Trust and Agency Services
Very versatile in terms of the services that it assists their clients with from escrow services, project finance, structured finance, to loan agency services.
Ultimately, TAS provides their clients with large financial transactions, helping with safeguarding assets and administrative services to support those clients
Cash Management
Cash Management allows clients to receive a yield on their cash. Similar to retail bank processes, ultimately CM helps make clients make best use of their cash and helps with payment processing.
A prominent service CM also provides is FX services to help clients send funds across borders. CM has the widest level of exposure to different world currencies and has a superior fx conversion platform relative to the rest of the banking industry.
deals i’ve been keeping track of
DB acting as collateral agent and account back for Stonepeak’s 300M investment into wind farms in the U.S.
Acting as the collateral agent on this investment, DB is assisting in the sustainability practices that they pride themselves on upholding in a continuously growing eco-friendly environment.
clients keeping track of?
Blackrock and Jefferies stuck out to me because it shows Deutsche’s diversity of clientele, even within specific sectors such as the financial services sector. From an independent boutique investment banking firm to the world’s largest asset manager, having these two clients showcases DB’s ability to cater to a wide range of needs and deliver tailored solutions to a variety of clients.
macroeconomic trends
Rate cutting cycle
Increase in 10y, gov deficit
whats driving the economy
Wealthy Americans and their spending is driving the economy. Despite being squeezed for high prices, there is still an abundance of spending in retail stores and in restaurants
AI boom created high concentration of the S&P500, driving the market
What do I read everyday?
WSJ - 1 int. 1 U.S. Econ 1 company
Purpose of the CB
The purpose of the CB is to address the needs of its corporate clients, providing a wide range of products and services to do so
challenges expected in future for CB
geopolitical conflicts
blockchain, tokenization
diff int rate environments
market trends
safe haven assets like gold
economic growth in india
Increase in 10y yield
Questions about role
What is the most important thing you’d need a summer analyst to achieve throughout the 10-week program?
What common characteristics have you noticed in the past from interns that made them successful and guaranteed that return offer?
Could you talk about the training and development provided to interns?
Can you talk about the typical intern’s access and exposure to client data?
Questions about industry
Can you talk about how clients’ needs have shifted since you’ve been in your role? How does Deutsche keep up with and adapt to these new demands?
Given the recent antitrust lawsuit filed against Visa regarding their dominance in the debit card payment market, how might this impact Deutsche Bank’s relationship with Visa as a client? Does Deutsche ever not accept clients because of their reputation or poor sustainability initiatives?
What do you see as potential headwinds in the next 5-10 years in the banking industry?
How do you work with others in a group setting? How do you take initiative in a group setting?
Balance between taking the lead and listening to others
I acknowledge when I am not in the position to take the lead, shows my ability to adapt to different situations
Ability to ask questions, use financial plan example - good w/ tech, bad w/ instruments
typical role in a group setting
Leader, I can make people feel comfortable
But I can also be straightforward and direct to the point with what i want for the group
Tell me about a time when you were working in a group with someone of a different personality. How did you work it out? What was the result?
Forte was straightforward and candid
I am less candid, more tactful and thoughtful of how I give out information
I would’ve approached the client with why his goal was not attainable, citing important details
Forte went straight in telling the client he had to keep working or else his goal was impossible
was able to give Forte notes ahead of time, to find compromise and adapt
Time paid attention to detail
SMIF presentation on India
Had to present info on the recent election - lot of information to process
Had to cross-check info in the presentation and that on the internet
It was important because our investment thesis depended on the information I provided
Long term goal pursued
Since visit, working at Deutsche was a long time goal
took many steps to get here from:
- reaching out to analysts, associates, recruiters
- pursuing a high GPA
- taking licensing exams
- doing research on the CB
