The bank will reduce its footprint to its German roots; U.S. banks are offering cash bonuses to keep customers from fleeing to higher-yielding accounts.
Deutsche Bank unveiled a radical overhaul that will see the lender exit its equities business, post a €2.8 billion ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability.
A little over two decades ago, Deutsche Bank set out to become a Wall Street giant. This weekend, Chief Executive Christian Sewing will probably pull the plug on that dream for good.
The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.
A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.
Deutsche Bank is considering slashing headcount by more than a fifth in what's shaping up to be its biggest makeover in years, two people familiar with the matter said.
