OREANDA-NEWS Deutsche Bank will conduct a large-scale restructuring, which will last until 2022, follows from the message of the bank. It provides for a reduction of 18,000 employees.

Deutsche Bank plans to significantly reduce its investment division. The credit institution will stop trading in shares, but will continue to operate in the equity markets. In addition, the bank will reduce the amount of operations with fixed income.

Restructuring of Deutsche Bank will cost 7.4 billion euros. Of these, 3 billion euros will be in the II quarter of 2019.

Over the past decade, Deutsche Bank has experienced a difficult period, said Chairman of the Supervisory Board of Deutsche Bank Paul Ahlleitner. Such a radical transformation of the business model will allow the bank to become more profitable, increase the profitability of shareholders and stimulate long-term growth.