Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the nex...
FRANKFURT - Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is trying to overhaul its business and revive profitability.
The bank’s shares, which have hit record lows in June, have perked up on expectations that a major overhaul is underway. Deutsche’s biggest business by revenues is its investment bank, which holds swathes of high-risk assets such as complex derivatives. Cutting back on risky assets would in theory allow Deutsche to hold less capital and use this money for other purposes to try to boost profit.
The bank held 347 billion euros in such assets at the end of the first quarter, according to Deutsche’s quarterly results. A 25% reduction would bring assets to about 260 billion euros. One of the big open questions is how many jobs Deutsche will cut. The bank has already pledged to reduce headcount to under 90,000, from the current 91,463.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Deutsche Bank to set up 50 billion euro bad bank in revampDeutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets
Consulte Mais informação »
Kuroda says BOJ will debate rising overseas economic risks this weekBank of Japan Governor Haruhiko Kuroda said the central bank will 'certainl...
Consulte Mais informação »
Deutsche Bank plans to pare U.S. equities business to skeleton operation: sourcesDeutsche Bank plans to dramatically reduce the size of its U.S. equities busines...
Consulte Mais informação »
Banking bad—Deutsche’s new divisionDeutsche Bank plans to create a “bad bank” holding billions of euros of assets in an overhaul of its operations. Will the remaining firm be profitable enough to satisfy regulators and investors? Hear more on “Money talks”
Consulte Mais informação »
ECB will ease policy if inflation doesn't pick up: DraghiThe European Central Bank will ease policy again if inflation does not head back...
Consulte Mais informação »
Australia's central bank says 'likely' will have to cut rates againAustralia's central bank believes it will likely have to cut interest rates...
Consulte Mais informação »