Deutsche prepared to make ‘tough cutbacks’ in CIB

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By Jasper Cox
23 May 2019

Deutsche Bank CEO Christian Sewing has pointed the way to further cuts in the corporate and investment bank, speaking at the firm’s annual general meeting on Thursday.

Sewing said that the CIB has already started to focus on its strengths, and that this would continue. He defined an area of strength as one that meets at least one of two criteria.

The first is that it benefited other businesses “significantly”. He name-checked origination and advisory, ...

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