Deutsche Bank (US)

Deutsche Bank's Americas division contributes approximately $14 billion to the group's annual revenues, a figure that is $40 billion less than #5 Morgan Stanley, underscoring its narrower focus on specific capital markets. Centered on its New York investment banking hub at 60 Wall Street, the bank has selectively rebuilt its US capabilities after a deep restructuring that included exiting its equities business globally in 2019. It remains a significant player in foreign exchange, where it commands a 5.2% market share, and leveraged finance, where its underwriting volume grew 15% year-over-year in 2025. The bank's fixed-income and currencies revenue accounted for 62% of its Americas total, 20% higher than the average global bank.