deutsche: Rock-bottom expectations give him scope to spring a positive surprise, according to Global Times China. At Deutsche's annual general meeting last month, Sewing pledged tough cutbacks to reinvigorate profitability. The Deutsche Bank boss has seen the German lender's market value shrivel to just 13 billion euros 14.6 billion . Now he is preparing to take the axe to its underperforming investment bank. The bank's equities and fixed income trading businesses, particularly in the US, are prime targets. The question is how much this would cost. Deutsche may earmark risk-weighted assets worth 50 billion euros - about a fifth of the investment bank's total - to be wound down or sold, the Financial Times reported.
(news.financializer.com). As
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Tagged under deutsche, risk-weighted assets topics.