One of the world’s leading financial institutions has announced as significant change in strategy as a result of tougher new rules on leverage. Germany’s largest bank, Deutsche Bank, has today unveiled $3.8bn worth of cuts to its operations that will see it retreat from some of its investment banking assets and reduce its stake in consumer-focused Postbank.
Incoming regulatory changes are causing many of the world’s largest financial institutions to reassess their strategies. The most stringent new rules includes the leverage ratio, which requires banks to maintain a more reasonable balance between their assets and how much it borrows.
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