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.