Deutsche Bank CEO Weighs Leveraged Finance Cuts in Review
- Christian Sewing is conducting a review of bank’s businesses
- Investment bank chiefs said to expect rebound in dealmaking
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Deutsche Bank AG is weighing cuts to its leveraged finance unit as part of a review by Chief Executive Officer Christian Sewing into under-performing businesses as his three-year restructuring concludes.
The exercise is scheduled to finish next month and may result in less capital and other resources including staff being allocated to the business of providing loans to highly indebted companies, according to people with knowledge of the matter. At the same time, resources may be redirected to other areas, including potentially the deals advisory business, the people said, asking not to be identified as the deliberations are private.