Major US banks are the big winners as Deutsche Bank's business gets a massive shake-up

Deutsche Bank announced an $8.3 billion restructuring plan over the weekend. The restructuring will ultimately boost US banks, analysts from Credit Suisse wrote in a note Monday. US banks have already been stealing market share from European banks over the past several years. Read more on Markets Insider. Banks in the US stand to gain after the announcement that Germany-based Deutsche Bank will undergo a major restructuring that will cost $8.3 billion and result in 18,000 job cuts by 2022.

Deutsche Bank announced an $8.3 billion restructuring plan over the weekend. The restructuring will ultimately boost US banks, analysts from Credit Suisse wrote in a note Monday. US banks have already been stealing market share from European banks over the past several years. Read more on Markets Insider. Banks in the US stand to gain after the announcement that Germany-based Deutsche Bank will undergo a major restructuring that will cost $8.3 billion and result in 18,000 job cuts by 2022.

ETTD

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox: Deutsche Bank takes an axe to investment bankDeutsche Bank said on Sunday that it would make major cutbacks to its investment... :D böyle bişey oluyor işte zihinde o bana ben ona pazıl gibi bişey falan🖕😛🖕 True statement everything Trump touches DIES. More investigations to come with Trump, Retired Justice Kennedy’s son, Jared Kushner & Russia Money Laundering.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks are sliding as a stellar jobs report has tempered hopes for a cut to interest rates this monthStrong US employment data dashed investors' hopes the central bank will cut rates this month.
Source: BusinessInsider - 🏆 729. / 51 Read more »