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Deutsche Bank's (NYSE:DB) plan to drastically reduce its investment bank unit is expected to cost as much as €5B and result in a net loss this year, theFinancial Times reports, citing three people familiar with the matter.
The restructuring plan, which the bank's supervisory board will consider on Sunday, will include as many as 20,000 job cuts and more than €50B of assets being split off into a bad bank.
The restructuring plan, which the bank's supervisory board will consider on Sunday, will include as many as 20,000 job cuts and more than €50B of assets being split off into a bad bank.
