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The German banking giant is scaling back its investment banking group as part of a radical transformation.
Deutsche Bank is taking a dramatic step to revive its good fortunes by severely cutting back its investment banking activities, resulting in a global layoff of 18,000 staff, an executive shake-up, and aggregate charges totaling €3 billion ($3.4 billion) for the second quarter of this year. “The restructuring actions will include a workforce reduction of...
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