News analysis

Leaner Deutsche Bank not going to have it any easier in Asia

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It makes sense for investment banks to cut businesses where they are too small to be competitive and staying in is costly. So Deutsche Bank's exit from equities trading is overdue. That does not mean life is going to get any easier, in Asia at least.

The German lender is counting on its strength in fixed-income and currencies trading to pivot into becoming primarily a corporate bank that serves multinationals' needs for transactions and cash management.

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A version of this article appeared in the print edition of The Straits Times on July 09, 2019, with the headline Leaner Deutsche Bank not going to have it any easier in Asia. Subscribe