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Deutsche Bank Undergoing Major Overhaul

Video Credit: Wochit News - Duration: 00:32s - Published < > Embed
Deutsche Bank Undergoing Major Overhaul

Deutsche Bank Undergoing Major Overhaul

Business Insider reports that Deutsche Bank is planning to overhaul its trading operations.

The overhaul will include the creation of a "bad bank," the Financial Times reported.

The newspaper said the proposed bad bank, known internally as the non-core asset unit, will comprise mainly of long-dated derivatives.

A senior figure at the bank told the Financial Times "The cuts need to be radical."

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