The German lender is battling for survival after years of restructurings have failed to convince clients and investors that the bank can overcome a series of self-inflicted wounds.
Deutsche Bank has reportedly considered shutting down its equities business, the Wall Street Journal reported.
Hedge fund manager and Deutsche Bank investor Douglas Braunstein has pushed the German lender to shutter the business, the newspaper said.has reportedly considered closing its equities trading business, according to the Wall Street Journal. The German lender is battling for survival after years of restructurings have failed to convince clients and investors. Last month, the bank reported a worse-than-expected fourth quarter loss and exhibited weakness in its investment banking operations.
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