Deutsche Bank to split investment unit in two
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Frankfurt
DEUTSCHE Bank said on Sunday that it would split its investment bank in two and overhaul its top management as the lender, Germany's largest, tried to overcome legal problems and address criticism that it was inefficient.
As part of the reorganisation, which was approved by the bank's supervisory board at a meeting on Sunday, several top executives will leave, including two who were criticised for their handling of accusations that Deutsche Bank colluded with other banks to rig benchmark interest rates.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
