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. ... Postbank 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. Deutsche Bank , and other businesses, will be sold, thereby cutting the bank's workforce by all four . Deutsche Bank is due to publish its 29th October results 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 writedowns and legal costs, which may force it to cut the dividend. A full account of the new restructuring plan can be found at the linked webpage.
Postbank 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. Deutsche Bank , and other businesses, will be sold, thereby cutting the bank's workforce by all four . Deutsche Bank is due to publish its 29th October results 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 writedowns and legal costs, which may force it to cut the dividend. A full account of the new restructuring plan can be found at the linked webpage.