Deutsche Bank will shrink or shut US equities, rates, and keeping bond trading and FX
What are the implications? DB is still a big player in FX and debt and plans to keep these businesses, but I have no doubt that the planned cuts to equities and the creation of this 'bad bank' will harm their client franchise elsewhere. Will DB manage to retain its position in its remaining areas of strength? What are the consequences for the bank's current and incoming staff?
If possible I'd be keen on hearing from DB insiders on this, especially in the US.
Article: https://www.ft.com/content/d146b22c-9033-11e9-aea1-2b1d33ac3271#comments-anchor
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