Deutsche Bank Looks to Shed Big Chunk of Wall Street Presence

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Deutsche Bank Looks to Shed Big Chunk of Wall Street Presence
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Deutsche Bank has held talks with Citi, BNP about selling parts of equities business, client positions

Deutsche Bank AG is taking steps to dismantle a pillar of its Wall Street investment bank.

The troubled German lender has had discussions with Citigroup Inc., BNP Paribas SA and others that could involve selling or transferring parts of its once-prized equities business, including operations that serve hedge funds and other big trading customers, according to people familiar with the matter.

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