Deutsche Bank’s Withdrawal From Equities Goes Global
- Bank said last month that it was reviewing global equities
- New CEO Christian Sewing is restructuring the investment bank
Deutsche Bank Said to Consider 10,000 Job Cuts
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Deutsche Bank AG is about to embark on a retreat from a swathe of equities markets across the world, including some on its own doorstep in Europe, according to people familiar with the matter.
Germany’s biggest lender, which is expected to announce a range of restructuring measures to coincide with its annual shareholder meeting Thursday, will sharply reduce its presence in the U.S. market, and has also started cutting activity in the Central Europe, Middle East and Africa region, the people said, asking not to be identified discussing private information.