DAB bank AG · Munich Germany ·(German: DRN)
Company Description
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This link will open in a new window DAB bank does more than just DABble in the financial world. The discount securities brokerage and bank provides hybrid stock trading services to individual and business investors, primarily in Germany and Austria. Products traded include shares, options, bonds, and warrants. In contrast to other electronic brokerages, DAB bank also sells such traditional banking products as mutual funds and savings accounts. HypoVereinsbank (one of Germany's top banks after Deutsche Bank and Commerzbank ), itself a subsidiary of Italy's UniCredit , controls DAB bank. To read the full description, subscribe now.
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Key DAB bank AG Financials
| Company Type | Public - German: DRN Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $229.3 |
| Employees | 1,011 |
DAB bank AG Executives
10 executives listed for DAB bank AG's Munich, location.
| Title | Name & Bio | Contact |
| Chairman | Theodor Weimer | Network |
| Deputy Chairman | Jan Wohlschiess | Network |
| Director IT Operations, Customer Servie Bank Fund, Office Projects, Processes and Quality | Markus Walch | Network |
Competition
Competitive Landscape for DAB bank AG
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top DAB bank AG Competitors
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