Deutsche Bank is planning to create a separate 'corporate bank' unit t...
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo
FRANKFURT - Deutsche Bank is planning to create a separate “corporate bank” unit that will include its transaction banking activities, the Sueddeutsche Zeitung reported on Thursday.Currently, the transaction bank is part of the investment bank, which will shrink as part of the overhaul, sources have said.Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers.
The bank’s supervisory board is expected to meet Sunday to discuss the restructuring, which could see as many as 20,000 job cuts, sources have said.
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