Deutsche Bank's Bad Bank Plan Doesn't Impress Analysts
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Deutsche Bank AG jumped on reports the lender is moving ahead with an overhaul, mulling an exit from U.S. equities trading while creating a non-core unit to wind down as much as 50 billion euros ($56 billion).
The stock climbed 4% on Monday, supporting European banks, with the sector benchmark the top industry group in the region. Analysts welcomed the new plan, but cautioned it isn’t ambitious enough and may come too late.