FACTBOX-Deutsche Bank takes an axe to investment bank

Deutsche Bank said on Sunday that it would make major cutbacks to its investment bank. Deutsche Bank will exit its equities sales and trading business, which in 2018 bought in 1.96 billion euros ($2.20 billion) in revenue, but will retain a small equity capital markets business. In total the bank plans to shrink the amount of risk weighted assets allocated to its trading operations by around 40%.

Source: Yahoo.com