Deutsche cuts hard but looks out for equity and AT1 investors

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Deutsche cuts hard but looks out for equity and AT1 investors

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AJGXX1 DE - HESSEN: Deutsche Bank Headquarters in Frankfurt/Main | Alamy Stock Photo

Deutsche Bank's far-reaching restructuring plan to pull out of equity sales and trading and streamline the investment bank elsewhere involves a tie-up with BNP Paribas for parts of its business. The troubled German lender also signalled the advantage of a recent rule change to additional tier one coupon payments in allowing it to proceed with the changes.

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