Deutsche's US woes see rivals smell blood in equities

摘要

A retreat by Deutsche bank from equities trading in the United States is expected to pick up pace in the coming months, and could present an opportunity for citigroup and others looking to gain market share. The German bank's US arm last week sailed through the Federal Reserve's stress test for the first time in four attempts, but Deutsche is still expected to make cuts across its US investment bank. Equities and rates are earmarked for the most severe trimming.