Deutsche Bank Is Announcing A Global Restructuring To Shrink Its Size

Deutsche Bank AG is a German multinational investment bank and financial services company. The bank operates in about 58 countries with a large presence in Europe. The company operates on the departments – the Private and Commercial Bank, the Corporate and investment bank and asset management. Deutsche Bank was founded in Berlin in the end of the 19-century financing foreign trade and promoting German exports. After firing 18 thousand employees, mainly in London, Deutsche Bank is announcing a global restructuring to shrink its size. The investment bank is exiting the equities sales and trading business, which was one of the…