OVERHAUL AT DEUTSCHE TO TAKE 2-3 YEARS –

Co-Chief of Deutsche Bank, @Garth Ritchie, has said the restructuring of the investment bank will take another two-three years to complete. Ritchie states, “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 restructuring plan is an effort by Deutsche to grab a foothold back in the market, as the business has been riddled with disastrous bets, lawsuits and scandals, which has pushed the bank to the edge of collapse. #SpartanInternational