At Annual Meeting Deutsche Bank Faces Protesters Inside and Out

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Mark Melin
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Updated on

Amidst a festival-like atmosphere, with social activists banging drums outside and Occupy protesters interrupting the speech inside, Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DBK) co-CEO Jürgen Fitschen vowed to remain a top European investment bank at their annual investor meeting. Speaking in an auditorium that hosted a Miley Cyrus concert just one week ago, Fitschen faced a hostile audience consisting of both social protesters and investors as he outlined a changing European banking market. With many large bank competitors such as UBS AG (NYSE:UBS) and Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) being driven away from lucrative yet risky trading operations that landed the…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.