I hop on Linkedin this morning to see
Following “years of decline,” Deutsche Bank says it’s closing its equities business, as well as cutting 18,000 global jobs by 2022. In its attempt to restructure and boost profitability, the German lender announced that it would lose roughly $3.1 billion in the second quarter, with its restructuring plan costing close to $8.3 billion by the end of 2022. Deutsche Bank has been rocked by investigations and fines stemming from the financial crisis and other issues in recent years
Why do people keep posting about this on the IB forum? It's not news to anybody, and if it was, they would have noticed from the last 4 threads with essentially the same title. Not to mention the fact that your quote is about S&T and has nothing to do with IB.
To be fair IBD is the most active forum so you're more likely to get a reply here.
That said it doesn't look like Deutsche's IBD is substantially impacted by these cuts.
You're missing the point. This has been posted countless times on WSO within the past week, so the post is entirely redundant.
https://www.wallstreetoasis.com/forums/db-exits-global-equities</a">DB Exits Global Equities
https://www.wallstreetoasis.com/forums/the-end-of-the-fourth-reich-is-d…</a">THE END OF THE FOURTH REICH: Is Deutsche Bank DEAD?
https://www.wallstreetoasis.com/forums/whats-going-on-at-deutsche-bank-…</a">Whats Going On At Deutsche Bank, And How Will Incoming Analysts Be Affected?
https://www.wallstreetoasis.com/forums/db-exiting-global-equities-busin…</a">DB Exiting Global Equities Business
https://www.wallstreetoasis.com/forums/deutsche-bank-ft-offer-would-you…</a">Deutsche Bank FT Offer — Would You Take It?
https://www.wallstreetoasis.com/forums/incoming-ft-analyst-at-deutsche-…</a">Incoming FT Analyst At Deutsche Bank
In all fairness that first post was deleted and the rest barely have comments and this one already has a bunch.... If only 1 person comments on the other ones they aren't very helpful to get pals general opinions