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your comment has no relation to what is happening at DB - they're writing down $73 billion in assets and exiting businesses they tried to expand into
by wp381640 7y ago
your comment has no relation to what is happening at DB - they're writing down $73 billion in assets and exiting businesses they tried to expand into
- cletus 7y agoIt's entirely relevant. When I said layoffs happen in bursts, what do you think that means? It means, for a time, you stop doing something you used to do. But as time goes on you'll find new things to do. Some of those will hopefully work out. Others won't. Rinse and repeat.
- cm2187 7y agoFor the avoidance of doubt, they are not writing down $73 billions of assets, that would wipe out their whole capital base. They intend to sell or roll off $73 billions worth of RWAs.