Deutsche Bank is selling the portfolio as part of a restructuring that will see it exit equities trading and other unwanted businesses and shed 18,000 staff globally. Chief Executive Officer Christian Sewing is hoping the plan will turn around the bank, whose shares hit a record low this month.
Deutsche Bank plans to auction its equity derivatives portfolio next month having received significant expressions of interest from banks, private equity firms and hedge funds, the sources told Reuters. It may sell the book in separate tranches rather than in its entirety, they said.
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