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

Return to Archive

TESTIMONIALS

Previous
Next

If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

February 22, 2024
Key Considerations for Advisors When Assessing the Financial Soundness of Annuities

While rating agencies like Fitch and S&P Global Ratings generally highlight the strength of annuity issuers, advisors still should scrutinize certain factors in their assessment process.

February 21, 2024
SEC Alleges Fraud Against Morgan Stanley and Former Executive in Block Trading Business

As reported by the Wall Street Journal, the Securities and Exchange Commission (SEC) has charged Morgan Stanley & Co. LLC and its former head of equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information related to block trades.

February 20, 2024
Challenges Persist: Firms Struggle to Comply with Regulation Best Interest

FINRA's annual report for 2024 reveals a concerning trend among broker-dealers, with numerous instances of violations of Regulation Best Interest (Reg BI).