Deutsche Bank plans to close majority of equity biz in Asia-Pacific region

Deutsche Bank is planning to shutter the majority of its equities business in the Asia-Pacific region as part of a restructuring to be announced as soon as Sunday, a person with knowledge of the matter said.
 
The Frankfurt-based lender expects to stop offering trading of cash equities, equities research and may no longer underwrite initial public offerings in the region, the person said, asking not to be identified as the matter is private.
 
As many as half the Asia equities staff will leave initially and the remainder later this year, the person said, adding that the final decision