Deutsche Bank’s overhaul plan gets cautious thumbs up
The restructuring includes downsizing its investment bank, eliminating 18,000 jobs, creating a bad bank and changes to its management team
Analysts welcomed Deutsche Bank’s restructuring plan, even as they said costs may be higher than estimated and noted the new targets for the bank may be too ambitious.
The overhaul, announced Sunday, includes the downsizing of its investment bank, the elimination of 18,000 jobs, the creation of a bad bank and changes to its management team. The bank is also cancelling the dividend for this year and next. Delivery of the plan will be key and some questions still remain, analysts said...