Deutsche Bank reviews structure of investment bank: Source
Deutsche Bank is conducting a global review of its investment bank that could result in cost cuts, a person with direct knowledge of the matter said on Wednesday.
Krisztian Bocsi | Bloomberg | Getty Images
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany, on Thursday, Oct. 20, 2016.
Deutsche Bank is conducting a global review of its investment bank that could result in cost cuts, a person with direct knowledge of the matter said on Wednesday.
The review, known internally as Project Colombo, will result in recommendations that could identify further job cuts but could also include the exit or strengthening of certain activities, the person said, speaking on condition of anonymity.
The study is focused especially on the bank’s trading activities in the United States, the person said.
