Four big shareholders of Deutsche Bank call for cuts at investment bank: FT

Four big shareholders of Deutsche Bank call for cuts at investment bank: FT

Four of Deutsche Bank's 10 biggest shareholders want the lender to make cuts at its investment division, particularly in the United States, the Financial Times reported on Thursday, citing unidentified sources.

FILE PHOTO: The financial district with the headquarters of Germany's largest business bank, D
FILE PHOTO: The financial district with the headquarters of Germany's largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT: Four of Deutsche Bank's 10 biggest shareholders want the lender to make cuts at its investment division, particularly in the United States, the Financial Times reported on Thursday, citing unidentified sources.

The report said at least four members of Deutsche's supervisory board share the view.

Deutsche Bank was not immediately available for comment outside of business hours.

(Reporting by Tom Sims; Editing by Subhranshu Sahu)

Source: Reuters

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