Who Did Deutsche Bank Lose $20 Billion To?
- 5 years ago
Business Insider reports that Deutsche Bank has lost $20-billion worth of balance to London based Barclays.
Barclays lured hedge fund clients with $20 billion worth of balances from Deutsche Bank.
Goldman Sachs and JPMorgan were also trying to convince Deutsche Bank's clients to jump ship, CNBC reported.
CNBC cited sources with knowledge of the matter.
Deutsche announced earlier this month that it was exiting the equities trading business.
The bank is shuttering 18,000 jobs as part of a major restructuring.
Barclays lured hedge fund clients with $20 billion worth of balances from Deutsche Bank.
Goldman Sachs and JPMorgan were also trying to convince Deutsche Bank's clients to jump ship, CNBC reported.
CNBC cited sources with knowledge of the matter.
Deutsche announced earlier this month that it was exiting the equities trading business.
The bank is shuttering 18,000 jobs as part of a major restructuring.