The clock is ticking.
Deutsche Bank's management board aims to decide on its future business model next week and present its strategy at an extraordinary meeting of its supervisory board on April 24, Handelsblatt newspaper reported on Monday without citing sources.
Reuters reports that if supervisory board questions can be answered quickly, the strategy could be made public on April 29 alongside first-quarter earnings figures, the paper said, adding that the management board has yet to reach a consensus on the business model.
Bloomberg News reported last month that Deutsche Bank is looking at shrinking its trading businesses as it reviews three options to boost the firm’s profitability, according to a person familiar with the matter.
To help lift returns, the bank is considering paring its interest-rate trading business and the prime finance activities that cater to hedge funds, said the person, who asked not to be identified speaking about private discussions. One option would shrink the investment bank by almost a fifth, the person said.