Factbox: Deutsche Bank takes an axe to investment bank

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Factbox: Deutsche Bank takes an axe to investment bank
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Deutsche Bank said on Sunday that it would make major cutbacks to its investment...

) said on Sunday that it would make major cutbacks to its investment bank. [nL8N2480KD]

Deutsche Bank will exit its equities sales and trading business, which in 2018 bought in 1.96 billion euros in revenue, but will retain a small equity capital markets business. These assets and businesses represented 74 billion euros of risk-weighted assets and 288 billion euros of leverage exposure, as of December 31, 2018.Deutsche Bank says its focus going forward will be on corporate banking, foreign exchange, deals including equity and debt capital markets as well as M&A, private banking and asset management.In total Deutsche Bank said it expects the restructuring will cost it 7.4 billion euros between now and the end of 2022.

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True statement everything Trump touches DIES. More investigations to come with Trump, Retired Justice Kennedy’s son, Jared Kushner & Russia Money Laundering.

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Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulDeutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulThe bank aims to reduce costs by 6 billion euros. CEO Christian Sewing had broadcast 'tough cutbacks' during a shareholders' meeting in May. Bye S&P, Bye $SPY, Market is done for now. Congrats who is already set up to profit going down. Hodl XRP we want regulation
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