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Germany's powerful regional landesbanks are stepping up their competitive efforts in wealth management, spurred in part by the success of one of their members in the private banking arena.
Bremer Landesbank (LB), which completely restructured its private banking and wealth management business model in 2003, has put clear blue water between itself and its rivals landesbanks.
This north German bank is also competing increasingly with the big German banks such as Deutsche Bank as well as German private banks. Bremer LB's overall ratios are surprisingly good. It reported a cost-income ratio of only 41 percent and a return on equity of 14.3 percent as of June 2006.
Bremer LB is the...