Deutsche Bank AG announced sweeping changes to its senior management ranks and a broad restructuring of key units Sunday as new co-CEO John Cryan put his stamp on the giant German lender. A little more than three months into his tenure, Mr. Cryan is reshaping all four of the bank’s business divisions. The lender said it must be less complicated and more responsive to regulators, as it aims to recover from a series of financial and legal missteps and cut costs under pressure from stricter European and U.S. banking regulations. ...
Deutsche Bank has announced a radical restructuring of the bank , as part of its strategy to restore its reputation and profitability . The bank is to be split , with the sales and trading activities becoming part of a new division , called global markets , along with several senior bankers departing . Postbank , and other businesses , will be sold , thereby reducing the bank 's workforce by almost 98,000 . Deutsche Bank is due to publish its 3Q 2015 report on 29th October ; however , it had already warned earlier this month that it will post a net loss of £ 4.5bn for that period , due to regulatory and legal issues , which may force it to cut the capital . A full description of the new restructuring plan can be found at the linked webpage .