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
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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.
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