Deutsche Bank Held Talks With Citi, BNP On Shedding Chunk Of Equities Business: Wall Street Journal

www.oann.com | 1/29/2019 | Staff
echolea (Posted by) Level 3
(Reuters) – Deutsche Bank has held talks with Citigroup Inc , BNP Paribas SA and others that could involve transferring parts of its equities business, including operations that serve hedge funds and other big trading customers, the Wall Street Journal reported on Tuesday.

Sources told Reuters last month that the bank plans to cut the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients.

Discussions - Investment - Bank - Employees

The ongoing discussions could involve the investment bank’s employees moving to one or more...
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