Deutsche begins de-leveraging equity derivatives portfolios

Deutsche Bank has posted net revenues of €5.3 billion (US$5.9 billion) in the third quarter of 2019, down 15% from the prior year period. The decrease was driven, predominately, by the strategic decision to exit equities sales & trading, according to the bank. The so-called capital release unit, which was established in the third quarter and houses assets the bank is eliminating, made ‘significant progress’ in reducing risk weighted assets and leverage exposure, despite rep