Deutsche's investment banking restructure could take 2-3 years

The restructuring of Deutsche Bank’s investment bank will take another two to three years, the business’s co-chief Garth Ritchie told Handelsblatt daily.

'With a little support from the markets it will be more like two years, but if markets remain as sluggish as they are, we might be talking about three years', the paper quoted him as saying in a joint interview with co-head Marcus Schenck on Wednesday.

Reuters reports that Deutsche Bank has been trying to regain its footing after a series of scandals, lawsuits and bets that went wrong pushed it to the brink of collapse last year.

The group said earlier this year it would combine its markets, corporate finance and global transaction banking divisions into a single corporate and investment bank (CIB) as part of a broader restructuring.

Hit the link below to access the complete Reuters article:

Deutsche Bank investment bank overhaul to take another 2-3 years: executive

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