Deutsche bank undergoing major overhaul

Published June 17, 2019 1,145 Views $0.03 earned

Rumble / Trending NewsBusiness Insider reports that Deutsche Bank is planning to overhaul its trading operations.
The overhaul will include the creation of a "bad bank," the Financial Times reported.
The newspaper said the proposed bad bank, known internally as the non-core asset unit, will comprise mainly of long-dated derivatives.
A senior figure at the bank told the Financial Times "The cuts need to be radical."