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Deutsche Bank to create fintech unit as part of restructuring

By NexChange
FinTech

Deutsche Bank is joining other major banks like Citibank and Wells Fargo and is building a fintech unit as part of a restructuring. The
Wall Street Journal reports:
Henry Ritchotte, Deutsche Bank’s chief operating officer, will leave the management board and work on creating a new digital bank for the company, according to the statement. The effort is seen as a big push by the bank into the so-called “fintech” arena, encompassing everything from retail banking to debt underwriting and digital-currency trading.
Photo: Tech in Asia

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