Deutsche takes knife to equities business with Asia hit

Deutsche Bank crop of pic from their media library 230x150
By Jonathan Breen, Rashmi Kumar
08 Jul 2019

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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