Is the Tide Turning for European Banks?
Deutsche Bank AG, Europe’s biggest investment bank, hired James Boyle from Citigroup Inc. as global co-head of its equity-derivatives business following a slump in the unit’s sales, according to two people familiar with the decision. Deutsche Bank Co-Chief Executive Officer John Cryan is seeking to boost stock-trading operations under a restructuring plan to reduce the Frankfurt-based lender’s reliance on trading debt. Atlantic Equities Analyst Christopher Wheeler discusses Deutsche Bank and the wider overview for European banks with Bloomberg’s Francine Lacqua on “The Pulse.”
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