Deutsche Bank AG finds parting with its equities business is harder than expected.
The German lender, which not even three weeks ago announced it was exiting equities trading except for a “targeted” sales force and research, flustered analysts on Wednesday after moving 550 million euros ($613 million) in revenue back to the investment bank from the wind-down unit it had just set up. The change of heart will force the bank to adjust some forecasts but won’t affect risk-weighted assets at the capital release unit, or CRU.
