Reuters - Some top firm investors said split between merger and managed downsizing

Chisel Split Ice

The firm, however, seems to think it has a viable plan.

The news agency reports that the Financial Times has reported that four of the bank’s 10 biggest shareholders want the bank to make further cuts at its investment banking division, particularly in the United States.

The FT report, citing unidentified sources, said at least four members of Deutsche Bank’s supervisory board shared the view.

Neither of the people familiar with the thinking of the two major investors elaborated on the specific changes they want.

But Deutsche Bank said it has done enough to get its investment bank back on track. 

“We completed our adjustments ahead of schedule and now have a good foundation for growth,” the bank said in an emailed statement on Thursday.

Shareholders were split into three camps, the person familiar with the thinking of the second investor told Reuters.

“There are those who are calling for a merger with Commerzbank, others who would prefer to split up the bank and another that wants a managed downsizing, which would include a shrinking of the U.S. investment bank,” the person said.

Hit the link below to access the complete Reuters article:

Deutsche CEO faces investor pressure on investment bank - sources

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