Deutsche Bank to withdraw from equities

Germany

FRANKFURT: Deutsche Bank AG is about to embark on a retreat from a swathe of equities markets across the world, including some on its own doorstep in Europe, according to sources.

Germany’s biggest lender, which is expected to announce a range of restructuring measures to coincide with its annual shareholder meeting today, will sharply reduce its presence in the US market, and has also started cutting activity in the Central Europe, Middle East and Africa region, the sources said.