Deutsche Bank accidentally boosts boutique model dasha_reuters
Deutsche Bank on July 7 announced a plan to boost flagging profitability by cutting 18,000 jobs.
The bank said it will scrap its global cash equities trading business and cut its fixed income operations. It will also create a new unit to wind down unwanted assets, amounting to 74 billion euros of risk-weighted assets. Deutsche plans to continue its equity capital markets business in Europe.
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