As part of a plan to lift profitability and capital levels.
'We believe that in particular the prime brokerage, the U.S. flow credit and the U.S. rates business will come under review', Dirk Becker, an analyst at Kepler Cheuvreux in Frankfurt, wrote in a report to clients on Monday. He raised his recommendation on the stock to buy from hold.
Bloomberg News reports that the prime brokerage unit, which caters to hedge funds, is part of the equities business while credit and rates come under the debt-trading division, which is Deutsche Bank’s largest source of revenue.
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