A quick look at the European indices: shares are flat across most of Europe, but the UK is acting as a weight on any gains. The FTSE 100 is now down by 0.2% thanks to declines of between 1% and 2% for the London-listed mining contingent, while French shares have risen by 0.
DB has looked at where it makes money and is competitive vs where it is not and has decided to divest or shutdown those areas that are dragging the rest of it down. A leaner, healthier, profit making bank will emerge from this.
Guess they had to make up for the enormous loans given to Trump that were never paid back.
Great stuff