Deutsche Bank announces actions to reshape its Corporate & Investment Bank and additional cost-c

Deutsche Bank press release --------- Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has announced strategic adjustments to shift the bank to more stable revenue sources and strengthen its core business lines. By 2021, the bank envisages a sustainable revenue share of approximately 50% from the Private & Commercial Bank and the DWS asset management business. Adding the revenues of Global Transaction Banking, the share of more stable revenues should be around 65%.Specifically, within the Corporate & Investment Bank (CIB), Deutsche Bank will focus its activities and resources on its European and multinational clients and the products which are most relevant for them, while reducing its exposure to other areas. The Management Board has also agreed on additional cost-reduction measures. To learn more click on the picture below to read the release.