This is Deutsche Bank

When companies raise money, that's only the beginning of the story. Every day, investors buy and sell bonds, businesses manage currency risks and banks help clients navigate financial markets around the world. That's where fixed income and currencies comes in.In the second episode of our Investment Banking 101 series, Scott Cameron, Global Chief Operating Officer for Fixed Income & Currencies at Deutsche Bank, joins host Vicky Garrod to explain how bond trading, foreign exchange markets and trading floors help keep the global economy moving.If you're considering a career in investment banking, curious about financial markets, or want to understand what happens when interest rates, elections or world events move markets, this episode is for you.01:37 – Everything Scott’s role entails and what is like to work on the trading floor06:27 – What fixed income is, what it’s used for and how it differs from capital markets13:06 – Currencies: all about foreign exchange trading16:06 – Back on the trading floor: who is working there and what skills are important to work in fixed income and currenciesDeutsche Bank Investment Bank on LinkedIn https://www.linkedin.com/showcase/deutsche-bank-investment-bank/posts/?feedView=allDeutsche Bank website http://www.db.com

Investment banking can sound complex from the outside, full of acronyms like IPO, ECM, DCM and M&A. But at its core, it is about helping companies access the capital, advice and expertise they need to grow, expand into new markets or make major strategic decisions.That is the focus of the first episode in our special Investment Banking 101 series from This is Deutsche Bank, designed to demystify investment banking without the jargon. If you’re exploring career options, trying to help someone find their path, or simply curious about how investment banking works – this one is for you.In our first episode, Mike Paleos, Global Chief Operating Officer of Deutsche Bank’s Investment Banking and Capital Markets business, joins host Vicky Garrod to unpack the basics of capital markets and mergers and acquisitions.What’s the difference between equity and debt? How do we support companies looking to expand? What career options are available and which skills do you need to work in this exciting area of banking? Find out here.02:20 – What investment banking and capital markets are and what role they play in the economy07:48 – How companies raise money on capital markets, the difference between bonds and shares and the motivation behind mergers and acquisitions18:01 – Putting the theory into practice: how Deutsche Bank might help a company to expand and secure the funding to do it26:57 – The roles in this part of investment banking and the skills neededDeutsche Bank Investment Bank on LinkedIn https://www.linkedin.com/showcase/deutsche-bank-investment-bank/posts/?feedView=allDeutsche Bank website http://www.db.com

Which is the cheapest city for a date? Where will you spend most on a 3-bed rental? And what does Liam Gallagher have to do with one of our latest reports?Today we’re spotlighting our annual Mapping the World’s Prices report, produced by the Deutsche Bank Research Institute. Every year, it looks at the global price trends reshaping travel, spending and investment.In an episode of our Podzept podcast, Jim Reid, Head of Macro and Thematic Research, talks with thematic strategist Adrian Cox about the latest report and shares his thoughts on future price rankings.Podzept is Deutsche Bank's regular chat with research analysts about their views on what's driving the world of economics and finance https://www.dbresearch.com/PROD/IE-PROD/Podzept_Podcast_series/PODCASTS.aliasRead the full report on the Deutsche Bank Research Institute https://www.dbresearch.com/PROD/IE-PROD/PDFVIEWER.calias?pdfViewerPdfUrl=PROD0000000000633223&rwnode=REPORTAnd head to the Institute’s website for more analysis on topics across geopolitics, macroeconomics, technology, and the evolving corporate landscape https://www.dbresearch.com/PROD/RI-PROD/Research_Institute/HOME.alias00:37 – The biggest surprise from this year's report04:20 – Rankings of financial centres such as London, New York and Frankfurt, plus new entries for “quality of life”08:31 – US rankings and results of the famed “Cheap date index”13:06 – Jim explains the “Oasis” index and unpacks what this year’s results might mean for investors17:24 – Adrian quizzes Jim on the results

It’s a challenge many established banks face - modernising the technology their business relies on without disrupting the business itself. Even more so as rapid advances in AI, cloud computing and digital innovation continue to reshape financial services.At Deutsche Bank, we undertook a major transformation of our technology landscape, simplifying systems and accelerating innovation. The person leading that effort has been our outgoing Chief Technology Officer, Bernd Leukert. In this episode, Bernd reflects on Deutsche Bank’s technology transformation journey, from bank systems modernisation to AI in banking, and shares how he thinks innovation will shape the future of financial services.01:10 – Recent shifts in the tech landscape and the players within it 05:48 – The opportunities Bernd saw when arriving at Deutsche Bank and the story behind our partnership with Google 19:20 – AI in banking: where are we and what comes next, plus what it means for cybersecurity 30:08 – What Bernd is dedicated to in his daily life Our Technology Transformation https://www.db.com/what-we-do/focus-topics/tech/index?language_id=1 Deutsche Bank website http://www.db.com

If you’d asked investors a few years ago about Deutsche Bank, the answer might have been cautious at best. Fast forward to today, and the story looks very different.Someone who has been central to that shift is James von Moltke, our outgoing President and former Chief Financial Officer. Alongside CEO Christian Sewing, James helped launch the bank’s turnaround in 2019, steering it from underperformance and waning investor confidence to record results and ambitions to become European champion.In this episode of This is Deutsche Bank, James offers a first-hand perspective of that turnaround. Host Michael Steen also asks him his thoughts on the next chapter for Deutsche Bank and for banking, as well as for career advice to any budding bankers listening in.02:02 – James’ background and why he chose to join Deutsche Bank at such a challenging time05:30 – Inside Deutsche Bank’s transformation, James’ first-hand perspective of it and the task of rebuilding trust11:11 – What’s next for the banking industry given the major geopolitical and technological shifts currently underway19:16 – James’ tips for any budding bankersDeutsche Bank website http://www.db.com

Many companies have embarked on finding their purpose – the reason for their existence – and that includes us at Deutsche Bank. That’s all well and good – but how do you actually bring those words on paper to life in everything you do?In this special episode of This is Deutsche Bank, our CEO Christian Sewing joins host Ben Alka to discuss:why purpose is so important, especially for large global organisationshow employees can put our purpose into action in their everyday workthe relevance of our purpose for the economy and society01:30 – Why Deutsche Bank embarked on a journey to be purpose led, the pivotal moments along the way and making it tangible for our 90,000 people worldwide06:55 – How our purpose feeds into the external perception of Deutsche Bank, particularly in society, plus concrete examples of it in action15:35 – What purpose-led leadership means to ChristianWhat Deutsche Bank stands for https://www.db.com/who-we-are/index?language_id=1&kid=our-purpose.ghp-en.who-we-areDeutsche Bank website http://www.db.com

Global oil prices are fluctuating wildly, driven by the war in the Middle East and disruption in the Strait of Hormuz. Despite a ceasefire deal being announced, uncertainty remains.In this episode – recorded on 1 April 2026 – we take a step back and unpack what moves oil prices and how the global oil market works. Chris Kenny, our Head of Energy Trading, and Michael Hsueh, Senior Research Analyst at Deutsche Bank, join host Michael Steen to discuss all this and more.01:42 – How the global oil market works and oil prices are set04:46 – The ongoing disruption in the Strait of Hormuz, its impact on prices and the wider economy, and how it compares to previous oil crises10:26 – Our role as an investment bank in the oil market and the support clients are looking for in this highly volatile environment14:33 – How the oil market has changed over the years and our guests’ thoughts on the impact that today’s crisis might have29:08 – What our guests are dedicated to in their daily livesDeutsche Bank website http://www.db.comDeutsche Bank Research Institute Deutsche Bank Research Institute

Precious metals have long been seen as a store of value – gold once backed currencies and central banks still store bullion in their vaults. In times of uncertainty, these metals often move to the centre of financial markets. Right now, they’re doing exactly that – although not exactly the way you might think.In this episode, Michael Hsueh, Senior Research Analyst, and Rob Abel, from our Metals Sales and Structuring team, join host Michael Steen to talk all about the market for precious metals. How does it work? What’s driving the gold and silver price right now? And is this rally just another cycle - or part of something much bigger?01:45 – What the four precious metals are and how the global market works.05:47 – What has happened to the price of gold and silver in recent months, what has been driving those developments and what has it meant for the idea of gold as a safe haven.13:59 – The day-to-day workings of the precious metals market – who is buying gold and silver across the world, what clients can do in the face of price volatility, and how metals trading has changed over the years.21:40 – What might come next25:37 – What our guests are dedicated to in their daily livesDeutsche Bank website http://www.db.com

Artificial intelligence is reshaping the world of risk management - transforming how banks assess information, detect threats and serve clients. But if you're trying to manage your bank's risk, it has some clear downsides as well as upsides. In this episode of This is Deutsche Bank, Marcus Chromik, Chief Risk Officer and Management Board member, speaks to host Michael Steen about why he thinks AI is set to change the risk function more profoundly than past crises and where the human fits into all of it. 01:17 – What being a Chief Risk Officer entails and how AI is transforming the risk function06:08 – How we are using AI at Deutsche Bank, such as in credit analysis, and what this shift means for recruitment and the skillsets needed to work in banking13:49 – How to handle the risks that we see from AI in banking and the importance of keeping the human in the loop18:54 – Fostering the right risk culture in the AI era and what the divergences in the regulatory approaches across the globe mean for AI use in a global bank.22:12 – What Marcus is dedicated to in his daily lifeDeutsche Bank website http://www.db.com

Confidence in public pension systems is falling across Europe, and many people are worried about whether the money they’re paying in today will be there when they retire. In this episode of "This is Deutsche Bank," Christian Nolting, Global Chief Investment Officer for the Private Bank, and Raffael Gasser, Head of Wealth Management Germany, join host Michael Steen to explore:why many feel uncertain about their financial futurehow we can ensure we’re saving enough for retirementwhat else can be done to bridge the pension gap 01:41 – The different kinds of pensions systems out there03:14 – What the German public thinks about the state of the pension system and their own retirement provisions08:33 – Why – despite being worried about their provisions – people don’t take action and what can be done to support that, plus the benefits of investing your pension and what we can learn from systems beyond Germany19:15 – What Christian and Raffael are dedicated to in their daily livesDeutsche Bank and DWS Retirement Provisions Report 2025 (in German only) „Altersvorsorge-Report 2025“ von Deutsche Bank und DWSDeutsche Bank website http://www.db.com

The geography of trade is shifting. And it’s not just tariffs. Over the past few years, a variety of factors have prompted countries to explore new corridors and partnerships. Nowhere is this change more evident than in Asia. Amid these shifts, what role can the region take on? Where does Europe fit into it all? And how can banks support those navigating the changes? On This is Deutsche Bank, host Michael Steen sits down with Alexander von zur Mühlen, CEO for Asia Pacific, Middle East and Africa, Europe and Germany and Management Board member, who shares his view on the developments shaping the global economy right now. 01:32 – The origins of Deutsche Bank’s story in Asia03:12 – The role of Asia Pacific in today's global economy and how it is changing amid shifting trade dynamics 08:57 – Where Europe comes into it all, and what it means to operate as a European bank in Asia right now 13:58 – What Alexander is dedicated to in his daily life Deutsche Bank website http://www.db.com  

Emerging markets now account for nearly half of global GDP - a dramatic leap from just 25 years ago. Despite recent global shocks, 2025 has been one of the best years on record for returns in these markets. What’s behind this recent rise? Which factors could impact what happens next? And how can banks support their economic and sustainable development? On This is Deutsche Bank, host Charlie Olivier explores the dynamic world of emerging markets together with Esra Turk, our Global Head of Sustainable Finance for the Investment Bank, and Oliver Harvey, who heads up FX Research for Central and Eastern Europe, Middle East and Africa, and Latin America. 01:27 – The mood in emerging markets at the moment, why 2025 has been a record year for them and what might come next 05:43 – Sustainable development in emerging markets – which sectors are our clients most focused on and how some of these areas work in practice 09:18 – How banks support economic and sustainable development in emerging markets 10:57 – Our guests’ career paths and what they are dedicated to in their daily lives Overview of Deutsche Bank Research’s Emerging Markets Handbook: dbresearch.com/PROD/RI-PROD/PDFVIEWER.calias?pdfViewerPdfUrl=PROD0000000000606753Deutsche Bank Research Institute: Research InstituteDeutsche Bank website: https://www.db.com

After a challenging few years, can Europe’s equity capital markets reclaim their edge? Is London still a global financial powerhouse?The global economic order is changing. Investor confidence has been shaken by tariff debates and uncertain growth outlooks. For equity capital markets (ECM) – one of the places companies go to raise funds – this has led to a quiet few months. But there are signs that this could be set to change.In this episode of This is Deutsche Bank, host Victoria Garrod talks about this and more with Tom Swerling, our Global Head of ECM, and James Taylor, Head of Investment Banking at Deutsche Numis. 01:40 – What equity capital markets are, our role in them as a bank and how we help companies looking to go public. 05:56 – The results of Deutsche Numis’ 2025 Raised in London report on London’s attractiveness as a capital markets destination, and a look at where things might be heading. 11:33 – How Europe’s capital markets are faring in today’s uncertain environment, the capital flow trends in private and public markets, and the global outlook. 17:41 – What our guests are dedicated to in their daily lives Deutsche Numis – Raised in London 2025 report https://dbnumis.com/news-insights/raised-in-london-2025 Deutsche Bank website http://www.db.com  

Which is the cheapest city for a date? Where does your cash go furthest? And which are the best places to live and eat? Our Podzept podcast from the Deutsche Bank Research Institute reveals all!Today we’re spotlighting another of our podcasts. Produced by Deutsche Bank’s Research department, Podzept is our regular chat with analysts about their views on what is driving the world of economics and finance right now.In this episode, Jim Reid, Head of Macro and Thematic Research, chats with thematic strategist Adrian Cox about the latest "Mapping the World's Prices" report from the Deutsche Bank Research Institute, and shares his thoughts on future price rankings.Subscribe to Podzept to get episodes as soon as they come out – available in English and German Podzept (Podcast Series) - Deutsche Bank ResearchHead to the Deutsche Bank Research Institute to read the full report and for more analysis on topics across geopolitics, macroeconomics, technology, and the evolving corporate landscape dbresearch.com/PROD/RI-PROD/PDFVIEWER.calias?pdfViewerPdfUrl=PROD0000000000592089Deutsche Bank Research Institute Research Institute00:31 – Key changes since the first edition of the report in 201201:15 – Rankings of financial centres such as London, Frankfurt and Tokyo, plus price trends in the US and India05:56 – Highest utility costs, and the “cheap date” index09:10 – Top places to move and Jim’s predictions for the future11:14 – Truth or myth? Adrian quizzes Jim

Defining the reason for a company’s existence – its purpose – can be a game changer. Organisations that are able to do this grow faster than their competitors, and have more loyal customers and engaged employees, studies have shown.It’s a journey that Deutsche Bank has been on for the past year. But why do organisations need a purpose at all? And once you have found yours, how do you bring it to life?In this special episode of This is Deutsche Bank, Alex Wynaendts, Chairman of our Supervisory Board, discusses the topic and the bank’s journey with host Ben Alka.01:47 – The role purpose can play in securing success for a company and in uniting its employees behind a common goal, whatever their role. 03:55 – How to make sure a purpose is not just words on a page, how Alex has seen it in action and the importance of the pride that a purpose can bring. 08:19 – The role that management can play in embedding a purpose across the organisation, and how Deutsche Bank's purpose can help us support clients in today’s volatile times. 12:10 – Alex's dedication in his daily life and final remarks Who we are – Our purpose https://www.db.com/who-we-are/index?language_id=1&kid=our-purpose.ghp-en.who-we-areOur new claim: With deep dedication https://www.db.com/who-we-are/claim/index?kid=dedication.redirect-en.shortcut Deutsche Bank website http://www.db.com

Defence is back on Europe’s spending agenda. With the war in Ukraine ongoing and geopolitical priorities shifting in the US, countries across the continent are rethinking how they defend their borders and looking to up their game.But what happens when governments decide to spend? And what role do banks play in financing all this?In this episode of This is Deutsche Bank, Fabrizio Campelli, the head of our Corporate Bank and Investment Bank and Management Board member discusses the topic with host Michael Steen.01:48 – The background to Europe’s defence push and the challenges it poses, plus the change in public sentiment around defence spending. 06:50 – The role of banks – like us – in financing the investment in defence, and how the funds would translate into building up the sector’s capabilities. 11:59 – The structure of Europe’s defence sector, the funding challenges that small and medium-sized enterprises face, and how changing Europe’s capital markets infrastructure would help. 19:56 – What is needed now. 24:07 – Fabrizio’s dedication in his daily life Opinion piece by Christian Sewing https://www.linkedin.com/pulse/private-capital-can-strengthen-europes-defence-christian-sewing-xuaae/?trackingId=7OxWhl1zTxuW7lolLoVbwQ%3D%3D Deutsche Bank website http://www.db.com  

Two and half decades after the euro launched, is Europe’s single currency finally on the verge of toppling the US dollar?Few can imagine a financial world which is not dominated by the dollar, but tariff-based trade wars and geopolitical turmoil have got people asking the question – is it time for the euro to play a bigger role? And how do we support clients in such volatile times?In this episode of This is Deutsche Bank, host Michael Steen puts these questions to George Saravelos, our Global Head of FX Research, and Verena Kruse, our Global Head of FX Liquidity Sales.01:32 – What is dollar exceptionalism, which factors could impact the euro’s role as a global reserve currency, and how have markets reacted to recent news coming from Germany and Europe.  07:21 – The impact of President Trump’s tariff announcements on the dollar, as well as on other currencies, and what does Europe need to do to tip the balance in the euro’s favour. 16:46 – Working in FX markets: what it is like to work on the trading floor and the size of the market today 20:48 – How Deutsche Bank supports its clients across the world with their currency needs, particularly during times of volatility Deutsche Bank website http://www.db.com The brilliant world of FX – a primer https://www.dbresearch.com/PROD/RPS_EN-PROD/The_Brilliant_World_of_FX_-_A_Primer/RPS_EN_DOC_VIEW.calias?rwnode=PROD0000000000464258&ProdCollection=PROD0000000000542285 Podzept, a podcast from Deutsche Bank Research https://www.dbresearch.com/PROD/RPS_EN-PROD/Podzept_Podcast_series/PODCASTS.alias

Germany has just voted in one of the most closely watched federal elections in decades. The political landscape has shifted and it feels like Germany – and Europe – are at a crossroads. What does this mean for the German economy, including reforming the debt brake? How should Europe react to the new tone coming from Washington? And what’s next for Deutsche Bank in this constantly changing environment?In the first episode of This is Deutsche Bank, host Michael Steen discusses these questions with our CEO Christian Sewing. 01:25 – What the election result means for Germany and its society, what is needed to boost economic growth, and reforming the country’s debt brake. 07:15 – Navigating Washington's new tone towards Europe and the role banks can play in these more volatile times 15:17 – The changing face of globalisation and what this means for Deutsche Bank’s business model? What does the next step hold? 22:12 – Christian’s career and dedication in his daily life © 2025 Deutsche Bank AG and/or its subsidiaries. All rights reserved. This podcast may not be used, reproduced, copied or modified without the written consent of Deutsche Bank AG.

Welcome to This is Deutsche Bank - a podcast all about the news and trends shaping the world of banking and finance.