Deutsche Bank mulling cutback in US operations: reports

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 sale of the asset management business, Sueddeutsche Zeitung reported, citing an undisclosed person familiar with the matter.