Deutsche Bank beats a retreat

Deutsche Bank, Germany’s biggest bank, has presented its latest plan to get out of trouble. But is it all too little too late? Ben Judge reports.

Deutsche Bank is “throwing in the towel on its ambitions to go toe-to-toe with the big Wall Street firms” in investment banking, says Anjuli Davies in The Daily Telegraph. Germany’s biggest lender has announced a restructuring plan that will involve shutting its equities division and axing 18,000 staff. A decade ago, Deutsche seemed...
source: Money Week

2019-07-11 18:44
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