FRANKFURT Dec 2 Deutsche Bank's
Global Markets division will reduce financial services it offers
to about 3,400 clients in equities trading, a spokesman for the
lender said on Friday, citing an internal memo.
Deutsche Bank Chief Executive John Cryan has pledged to
intensify the lender's restructuring effort, warning that the
bank faces tough times ahead as it finalises talks with U.S.
justice authorities over a multi billion dollar fine.
In October 2015, Cryan had said at a strategy presentation
that Deutsche Bank would reduce the number of clients in its
Global Markets and Corporate & Investment Banking divisions by
about 50 percent.
(Reporting by Arno Schuetze; Editing by Ludwig Burger)