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Deutsche Bank mulling cutback in US operations: reports

Move seen as part of a wider overhaul to lower costs as mounting legal expenses threaten to undermine profitability
Monday, October 17, 2016 - 05:50
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A sell-off in Deutsche Bank shares accelerated last month when the US Justice Department sought US$14 billion to settle a probe tied to residential mortgage-backed securities.

Zurich

DEUTSCHE Bank AG, Germany's biggest bank, is considering options such as scaling back US operations as part of a wider overhaul to lower costs, according to several media reports.

A US pullback was already discussed by the supervisory board and would be more likely than a