Deutsche takes knife to equities business with Asia hit
Deutsche Bank’s plan to exit its equities sales and trading businesses globally as part of a far-reaching overhaul of its operations has led to many departures in Asia.
The German firm announced the “radical” transformation on Sunday, as it aims to cut total costs by a quarter by 2022 and trim its investment banking operations dramatically.Among the changes include culling Deutsche’s equities sales and trading business, reduce the amount of capital used by the ...
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