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Deutsche Bank cuts ties with 3,400 clients in trading business

December 3, 2016 by · Leave a Comment 

Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, citing an internal memo. Deutsche Bank Chief Executive John Cryan is stepping up the restructuring process as the bank finalises talks with U.S. …

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Deutsche Bank cuts ties with 3,400 clients in trading business

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