Deutsche Bank Undergoing Major Overhaul

Credit: Wochit
Published on June 17, 2019 - Duration: 00:32s

Deutsche Bank Undergoing Major Overhaul

Business Insider reports that Deutsche Bank is planning to overhaul its trading operations.

The overhaul will include the creation of a "bad bank," the Financial Times reported.

The newspaper said the proposed bad bank, known internally as the non-core asset unit, will comprise mainly of long-dated derivatives.

A senior figure at the bank told the Financial Times "The cuts need to be radical."

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