IPFS News Link • Germany
Deutsche Bank shares slump more than 5% as lender gets ready for major overhaul
• https://www.cnbc.comDeutsche Bank's mass restructure will see 18,000 jobs cut by 2022 and the closure of its global equities sales and trading business in a bid to improve profitability.
The bank expects the sweeping reforms, which also involve the creation of a 74 billion euro ($83.05 billion) "bad bank," to cost 7.4 billion euros by 2022.