You are here

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

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.


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...

Market voices on: