Deutsche Bank to Drop Locations, Streamline Operations

April 27, 2015 8:20 AM

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Bank co-CEOs Juergen Fitschen and Anshu Jain made the announcements Monday as they provided more detail about the bank's reorganization announced Friday.

Deutsche Bank has struggled to maintain the profits investors want to see while meeting regulatory demands to reduce risk, setting aside billions to settle allegations of past misconduct, and reducing overhead costs.

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