AtlantisFX | Deutsche Bank (DE: DBKGn) wants to cut 18,000 jobs and shrink its investment banking business. This paints a bleak picture of the traditional financial world while the Cryptocurrency sector is booming.
As Reuters reported on July 7, this serious decision by Deutsche Bank should lead to the abandonment of the stock distribution and trading business. In 2018, this area is expected to have achieved a turnover of 1.96 billion euros.
Although DB wants to maintain a small equity market business, it also plans to reduce its fixed-income business. In particular, these include their interest trading venues, according to Reuters.