Market welcomes reported Deutsche retrenchment plan

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By Jasper Cox
17 Jun 2019

Deutsche Bank’s reported plan to separate off non-core assets like long-dated derivatives and to size down parts of its trading operations were seen as positive for the bank's shares and bonds on Monday morning.

Deutsche is set to create a non-core bank or a bad bank to store then perhaps offload up to €50bn of assets, mostly long-dated derivatives, according to the Financial Times.

The newspaper also reports that the German bank will slash or close completely equity and rates trading businesses ...

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