The German bank is said to be preparing a sweeping restructuring that will eliminate thousands of jobs and bring to an end its 20-year foray into Wall Street. Source: NYT > Business – David Enrich and Kate Kelly
Deutsche Bank Investors, Armed With a List of Complaints, Face Managers
At its annual shareholders meeting, the bank’s chairman is facing pressure to resign amid a money laundering scandal and meager profits. Source: NYT > Business – JACK EWING
Deutsche Bank Says Software to Detect Money Laundering Had a Bug
The bank’s acknowledgment that faulty software had been used to screen transactions for suspicious activity came a day before executives prepared to face restive investors at an annual meeting. Source: NYT > Business – JACK EWING