Under its new plan, the company will exit unprofitable regions and business lines, Reuters quoted, citing newspaper Handelsblatt.
Citing unnamed sources, the publication said that Deutsche Bank may close overseas operations, which contribute little to the bottom line.
The bank is planning to reveal the new plan soon.
The new model may see the bank disposing everything from home loans in Wuppertal, Germany to New York’s equity derivatives, reported Reuters
Deutsche Bank has more than 100,000 employees in over 70 countries, and is present in Europe, the Americas, Asia-Pacific and the emerging markets.
The company has offices in financial centers including London, New York City, Singapore, Hong Kong, Tokyo, Paris, Moscow, Sydney, Toronto, Jakarta, Istanbul, Madrid, Dublin, Amsterdam, Warsaw, Mumbai, Pune, Kuala Lumpur, São Paulo, Dubai, Riyadh, Bangkok, Karachi, Belgrade, Manila and George Town.
The bank offers financial products as well as services for corporate and institutional clients along with private and business clients.
Image: Deutsche Bank headquarters in the banking district of Frankfurt. Photo: courtesy of Thomas Wolf
