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.

  • By Jonathan Breen, Rashmi Kumar
  • 08 Jul 2019

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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