Deutsche Bank Is Making Further Progress Toward a More Stable Operation
In July 2019, Deutsche Bank announced yet another strategic plan, which will see the bank exit its global equities sales and trading business, scale back part of its fixed income trading, and reduce its workforce by about 18,000 people by 2022. In the process it will shed EUR 288 billion in leverage exposure and a corresponding EUR 74 billion in risk-weighted assets. The new Deutsche Bank will refocus its efforts around its corporate bank in tandem with the remaining investment banking business, its private bank including its retail and wealth management businesses, as well as its asset management offering.