Deutsche Bank May Need to Shrink U.S. Activities, Welt Says

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  • Changes to business model typical in settlements, Welt says
  • Deutsche Bank employs about 10,000 people in North America

The Deutsche Bank skyscraper headquarter offices in Frankfurt.

Photographer: Jasper Juinen/Bloomberg

Deutsche Bank AG may be forced to shrink its U.S. activities as part of a deal to settle litigation over residential mortgage-backed securities with the Department of Justice, German newspaper Welt am Sonntag reported, citing an unidentified person familiar with the discussions.

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