Deutsche Bank's Decision To Exit Russia The First Move To Boost Profitability

Deutsche Bank is shuttering its investment banking operations in Russia in what comes as the first concrete step taken by the German banking giant towards fulfilling the goals laid out as a part of its long-term reorganization plan, Strategy 2020. While the bank will no longer offer onshore corporate finance, markets or custody banking services to clients in Russia, it will retain its transaction services business in the country. The exit will largely be completed by the end of this year, and co...