Authorization

Deutsche Bank's week from hell; Wall Street's most sophisticated, high-speed traders are growing hot on fintech investing

Dear Readers,
I'm Meredith, the new finance editor at Business Insider, and I'm subbing in for Olivia this week. This was my first week on the job, and what a busy week it was!
The ax that was hanging over Deutsche Bank finally fell. On Sunday, the bank said it was firing 18,000 people in a massive restructuring that would see it dump equities trading entirely. The next day we were on the ground to report what was going on outside the bank's 60 Wall St. office.
If you aren't yet a subscriber to Wall Street Insider, you can sign up here.
Insiders around Wall Street struggled to understand Deutsche Bank's move, and many said the businesses that survived the cuts, like research and equity capital markets, didn't add up to a compelling future for the bank. Deutsche Bank didn't say much about its plans publicly, but we learned it told a hedge-fund client details about who would be spared in research departments around the world.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2019    »
ПнВтСрЧтПтСбВс
 123456
78910111213
14151617181920
21222324252627
28293031