Deutsche Bank and Credit Suisse Affected by Negative Headcount Growth

Posted on July 10th, 2015 at 4:21 PM
Deutsche Bank and Credit Suisse Affected by Negative Headcount Growth

From the Desk of Jim Eccleston at Eccleston Law LLC:

Large global investment banks, Deutsche Banks and Credit Suisse, have faltered after their move into the United States wealth management business.

The move created a frenzy around the possibilities surrounding the companies, but each has met only with disappointment. In the last few years, both companies have lost 10% of their advisor force.

While each company has stayed dedicated to their US expansion and has made countless speeches on goals and ideas, neither has made any headway.

Barclays is another company that hasn’t fared well in its US expansion. The only difference between Barclays and the highly publicized failure of Credit Suisse and Deutsche Bank is that Barclays’ business has not been declining nearly as long. With the help of an ambitious executive and firm, the company was able to stabilize.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, Deutsche Bank and Credit Suisse

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

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