Which business lines is Deutsche Bank scaling back or scrapping?

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Deutsche Bank is Overhauling Trading Operations by Scrapping Equities and Scaling Back Investment Banking

Deutsche Bank is undertaking a significant restructuring of its investment banking division, which includes the complete elimination of its global equities business and substantial reductions in its investment bank and certain fixed income operations. This strategic shift aims to create a more profitable, leaner, and resilient financial institution, marking a departure from its previous ambitions to be a major force on Wall Street. The overhaul is expected to result in 18,000 job cuts and incur approximately €7.4 billion in costs.
Global Equities Business to Be Scrapped

The bank has announced the complete discontinuation of its global equities business. This unit, primarily based in New York and London, is a key component of the broader restructuring efforts. The decision reflects a strategic retreat from a sector where Deutsche Bank has struggled to compete with leading Wall Street firms.
Investment Bank Operations to Be Scaled Back

In addition to exiting the equities market, Deutsche Bank will scale back the overall operations of its investment bank. This move signifies a fundamental transformation of the bank's focus, with Chief Executive Officer Christian Sewing aiming to concentrate on more stable revenue streams. The investment bank, which historically generated about half of Deutsche Bank's revenue, has experienced declining revenues for several consecutive years.
Reductions in Fixed Income Operations

Certain areas within Deutsche Bank's fixed income operations will also be subject to cuts. While fixed income has traditionally been considered a strength for the bank, this segment will undergo reductions as part of the broader restructuring. The bank plans to establish a new "bad bank" to manage and wind down approximately €74 billion in risk-weighted assets.

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Which business lines is Deutsche Bank scaling back or scrapping?

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