Navigating the Bad Bank Landscape

This chapter explores the concept of a 'bad bank' and its contrast with traditional trading desks, highlighting the challenges faced by foreign banks in the competitive U.S. equities market. The speaker shares personal insights from their tenure at Deutsche Bank, reflecting on the complexities of managing risk and liquidating structured products. Additionally, the chapter delves into the transition from a destructive banking model towards creating a constructive investment management business, emphasizing the need for innovation and technology in this evolving landscape.