Deutsche Bank Slashes 18,000 Jobs

Deutsche Bank is exiting its equity sales and trading business as part of a costly restructuring plan, which will impact investors by requiring them to forgo dividends temporarily. The bank is undergoing significant leadership changes, with key figures leaving and others being promoted, indicating a continued commitment to investment banking, particularly in fixed income. The bank will focus on its corporate banking division, which includes global transaction banking and German retail clients, while also investing in private wealth and asset management.

What is the estimated cost of Deutsche Bank's restructuring plan?

• €5 billion

• $10 billion

• €7.4 billion

• $5 billion

Which division is Deutsche Bank exiting as part of its restructuring?

• Corporate banking

• Equity sales and trading

• Private wealth management

• Fixed income

Who is one of the key figures moving up in Deutsche Bank's leadership?

• Sylvie Mathur

• Mark Fedora

• Frank Strauss

• Stephen Hoops

What is the primary focus of Deutsche Bank's corporate bank?

• Global transaction banking

• Equity trading

• Asset management

• Retail banking

What is unclear about Deutsche Bank's fixed income division?

• Its leadership

• Its profitability

• Its complete closure

• The extent of its resizing