Deutsche Bank Is Announcing A Global Restructuring To Shrink Its Size

Deutsche Bank AG is a German multinational investment bank and financial services company. The bank operates in about 58 countries with a large presence in Europe. The company operates on the departments – the Private and Commercial Bank, the Corporate and investment bank and asset management. Deutsche Bank was founded in Berlin in the end of the 19-century financing foreign trade and promoting German exports. After firing 18 thousand employees, mainly in London, Deutsche Bank is announcing a global restructuring to shrink its size. The investment bank is exiting the equities sales and trading business, which was one of the main sources of revenues. Three decades ago, the German bank bet to be one of the biggest global investment’s banks...