Deutsche Bank to slash jobs in retreat from Wall Street

[McFurd]

CNN Money - 4/26/2018 - Mark Thompson and Charles Riley - Germany's biggest bank said net profit fell by 79% to €120 million ($146 million) in the first quarter of the year. In a statement, Deutsche Bank (DB) said it would focus investment banking on serving its core European client base, reducing its commitment to the United States and Asia, and review its global equities business. It said it would scale back in areas where it "no longer has a competitive advantage." Read more @ http://money.cnn.com/2018/04/26/investi ... index.html