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

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