Deutsche Bank's U.S. Cuts May Go Deeper Than Equities, Rates

Deutsche Bank is finalizing a turnaround plan that may involve significant job cuts, particularly in the US, targeting equities and interest rate derivatives trading. The cuts could range from 15,000 to 20,000 jobs. Stephen Arons from Bloomberg discusses the potential impact and the bank's future in the US, where it currently has a large presence. The restructuring plan will address how Deutsche Bank can continue to meet client needs despite potential reductions.

What is the current size of Deutsche Bank's presence in the US?

What questions are raised regarding the service needs of clients amidst the restructuring?