Deutsche Bank weighing cuts at securities unit
Frankfurt
DEUTSCHE Bank AG, which runs Europe's largest investment bank, is poised to trim additional businesses at its securities unit to boost returns after scaling back in credit derivatives.
"We're finding areas that don't make market or economic sense and redeploying resources to areas and clients which need us most," Colin Fan, co-head of the investment bank, said. The company doesn't plan "blanket cuts" across the securities unit, he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japan frets over relentless yen slide as BOJ keeps ultra-low rates
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Five new charges for money laundering accused Zhang Ruijin before his plead guilty mention
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision
Basel Committee adds climate risks to banking supervision standards