Deutsche to keep ECM sales, retreat from blocks market

Deutsche Bank has made deep cuts to its equity sales and trading business, as part of an aggressive restructuring plan. The bank has said it intends to retain a “focused equity capital markets business”, but in practice this means a significant retrenchment, with a strict focus on supporting Deutsche’s core clients in Europe and the US.

  • By Aidan Gregory
  • 08 Jul 2019

The restructuring plan announced by Deutsche on Sunday is more radical than many thought it would be. It involves the total closure of its equity sales and trading business, including cash equities and derivatives, and the creation of a “capital release unit” to house non-core assets.

Deutsche ...

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