Deutsche Bank AG (DB)

[mdimport]

Deutsche Bank, which houses Europe’s largest investment bank, is also holding informal talks with securities firms to explore options including raising capital should legal bills require it, people familiar with the matter have said. The lender would also revisit selling its Deutsche Postbank consumer unit or parts or all of its asset-management division, they said.

“For Deutsche Bank, there’s only one solution, which is to go on a diet,” said Serra, who holds the bank’s debt, including the riskiest securities. “I think the diet comes in the investment-banking division mainly and in my expectation you are looking at a third of reduction of the balance sheet and a third reduction of the number of staff overall in the next two to three years.”

http://www.bloomberg.com/news/articles/2016-10-16/deutsche-bank-is-said-to-explore-shrinking-its-u-s-operations