Factbox: Deutsche Bank takes an axe to investment bank

) 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.

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 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
Source: CNBC - 🏆 12. / 72 Read more »

Deutsche Bank to Exit Global Equities, Trading BusinessDeutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decline. A good place to start would be to call all loans to Trumps and Kushners due and stop letting them continue to default without penalty. As soon as I saw DB the Benny Hill theme began playing in my head
Source: WSJ - 🏆 98. / 63 Read more »