Reuters reports that the bank is carrying out a strategic review which is expected to see it trim overheads and sharpen its focus on profitable business niches. Some activities under its current strategy of providing a broad spectrum of financial services globally may be shed.
'We have a strong tendency to continue to support the universal banking model', Fitschen told a financial conference. 'I don't think that you have to expect that we must make dramatic changes.
'You have to cut costs. There the needs are great and we will face the consequences for the next few years', he said, referring to the financial sector.
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