logo
Plus   Neg
Share
Email

Deutsche Bank's Equities Chief Reportedly Plans To Leave

Deutsche Bank AG's (DB) global head of equities Peter Selman is expected to step down from his role as the company plans to downsize its investment bank, according to reports citing people familiar matter.

The reports said that Peter Selman plans to leave after the company's executives discussed a possible role for him in a planned noncore unit, also known as a bad bank.

The Chief Executive Officer Christian Sewing is finalizing a new turnaround plan that's zeroing in on reductions in equities trading and even potential closures to parts of the unit, the report said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Brick-and-mortar retailers reported mixed results as they head into the holiday season, as department store chain Kohl's Corp. (KSS) and Home Depot Inc.'s (HD) sales dropped, while discount retailer TJX Cos. (TJX) recorded strong sales growth. Shares of Home Depot slipped 5% after the home-improvement... The U.S. government has issued a new 90-day license extension that will allow U.S. companies to continue doing business with Chinese telecom giant Huawei Technologies Co. Ltd. This is the third 90-day license extension given by the U.S. to Huawei, the world's largest telecom equipment maker. The extension was given in order to minimize disruption for Huawei's customers. Chick-fil-A said it will no longer donate money to two Christian organizations that have been accused of anti-LGBTQ stances - the Fellowship of Christian Athletes and the Salvation Army. The two organizations have been criticized for their statements about same-sex marriage and homosexuality in the past. Chick-fil-A too faced a backlash after its CEO Dan Cathy said he opposed same-sex marriage.
Follow RTT
>