Deutsche Bank will not make significant changes to its US, Europe, and fixed-income research units, shocking insiders at the embattled lender.
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Deutsche Bank's decision to keep its research unit largely intact shocked insiders, sources say, since it has not historically had a strong reputation in that area. European regulations have also upended the research industry.Deutsche Bank surprised insiders by sparing big parts of its research division as it laid off tens of thousands of other workers and dumped equities and derivatives trading entirely.
Deutsche Bank had said it would keep an equity and macro research capacity and a targeted equity sales force, but has not publicly detailed how much of the teams would be spared.
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