Deutsche Bank, Interesting Stories

First, is Deutsche Bank's profit dropping due to a one time cost in the integration of Deutsche Postbank.  Guidance was positive, and growth in other key segments was better than estimated.  The article is here: http://www.cnbc.com/id/41401413

Second, is how DB now pays investment bankers more than Goldman.  The average number is more than $500,000 last year, and here is the article: http://www.cnbc.com/id/41403338

With all this news, it will be interesting to see how the internship hiring season goes.  Imagine yourself with the following decision to make ...

"Do I go with the historical best-in-class, infamous, Goldman Sachs, or the new up and coming, highest paying Deutsche Bank."

Not a bad predicament to find yourself in.

Interesting Stories, All from Dealbook

Here ya go!

http://dealbook.nytimes.com/2011/01/10/the-legal-issues-in-the-goldman-facebook-deal/ 

http://dealbook.nytimes.com/2011/01/10/facing-scrutiny-banks-slow-pace-of-foreclosures/

http://dealbook.nytimes.com/2011/01/10/morgan-stanley-and-proprietary-trading-group-to-part-ways/

http://dealbook.nytimes.com/2011/01/11/goldman-releases-report-on-practices/

http://dealbook.nytimes.com/2011/01/11/with-verizon-will-apple-take-a-bite-of-more-enterprise/

Enjoy,

Kevin

Better Understanding "The Goldman Sachs"

I watched this video the other night.  It is an impressive account of the most prestigious financial firm done by CNBC's David Faber.  It really shows both sides of the argument.  If you haven't seen it on CNBC, its a must watch ... so check it out here. 


"Goldman Sachs Power and Peril"
For full disclosure, SIMM (Students in Money Management) owns Goldman Sachs.

Kevin