Deutsche Bank Planning to Cut Up to Half of Global Equity Jobs

The transcript discusses Deutsche Bank's job cuts across various regions and businesses, with a focus on the US. It outlines the expected timeline for these cuts and their integration into the bank's broader restructuring plan. The discussion includes the impact of passing stress tests, leadership changes, and a shift in business focus from equities to fixed income, drawing comparisons with UBS's past strategies.

What regions are primarily affected by Deutsche Bank's job cuts?

• Only the USA

• Only Asia

• USA, Asia, and Europe

• Only Europe

When are Deutsche Bank employees expected to learn about the job cuts?

• By the end of June

• On July 4th

• Around July 9th

• In August

What unexpected result did Deutsche Bank achieve in the stress tests?

• They received a warning

• They were not tested

• They surpassed expectations

• They failed the tests

What strategic shift is Deutsche Bank making in its business focus?

• From retail banking to investment banking

• From global to local markets

• From fixed income to equities

• From equities to fixed income

Who is stepping down as the head of equities in the Americas?

• Sonali

• Garth Richie

• James Davies

• Peter Salmonis