Deutsche Bank AG will pull its investment-banking operations out of Russia, the German lender said Friday, one of its first significant moves under a new co-chief executive planning broader companywide cutbacks. The move, which the bank said will be largely complete by year-end, will affect around 200 investment-bank employees based in Russia who provide deal advisory and securities-trading services, The Wall Street Journal reported last week. ...
Deutsche Bank posted an announcement yesterday stating that it is to move back on some operations in 2018 , following a downturn in profits , sanctions and ongoing investigations into share ##holding . It intends to close its corporate banking services and securities business in the future . It claimed this announcement was released prematurely , since it was posted on a Russian website yesterday , but subsequently removed today . Deutsche Bank in ##dia have declined to comment at present .