Deutsche Bank's restructuring plans include an exit from global equities and a significant reduction in corporate and investment banking
Deutsche Bank AG moved Sunday to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decline.
The lender’s restructuring plans also reorders the bank’s executive ranks under Chief Executive Officer Christian Sewing, with several senior officials leaving.
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