Deutsche Bank (DB) on Thursday announced plans to overhaul parts of its investment banking business and bring down costs. It's the latest effort by Deutsche Bank to turn around its business after years of losses. Related: Deutsche Bank to slash jobs in retreat from Wall StreetThe company is now giving more details on the plans, which include cutting jobs at its equities sales and trading business by about a quarter. "We remain committed to our Corporate & Investment Bank and our international presence -- we are unwavering in that," Sewing said Thursday. Deutsche Bank has already closed hundreds of bank branches in recent years and eliminated thousands of jobs in cost-cutting efforts.

Source: CNN May 24, 2018 06:17 UTC