You are here: Home » Reuters » News
Business Standard

Deutsche Bank has no plans to pull out of Asian countries - CEO

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Deutsche Bank has no plans to pull out of Asian countries as it restructures its global business, Chief Executive Christian Sewing told staff and clients on his first visit to the region in his new role.After taking the helm at Germany's flagship lender last month, Sewing announced plans to cut back its U.S. investment banking activities where it has been unable to break the grip of the U.S. powerhouses such as Goldman Sachs and JP Morgan.The bank's business in Asia, however, remains key to the lender's global success, Sewing told a company town hall meeting in Singapore ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, May 14 2018. 21:36 IST
RECOMMENDED FOR YOU