Deutsche Bank mulls asset sales

Deutsche Bank is considering the sales of several global asset management businesses in light of new regulation, rising costs and growing competition expected to weigh down future earnings. Germany’s biggest bank is carrying out a strategic review on how the cost of new regulations and competitive changes are impacting the bank. The review will include its DB Advisers arm; RREEF; an insurance asset management business; and its DWS Investments mutual fund arm in the Americas.