Deutsche Bank Seeks to Lower Capital Cushion

The video discusses potential staff cuts by a company to improve profitability, focusing on equities positions. It highlights a significant reduction in global equities and the impact on headcount. The company is seeking regulatory approval to adjust reserve requirements to manage severance costs. Despite no current economic issues, the company is concerned about capital buffers and perceived risk, with comparisons to Bank of America.

What actions are being considered by the company to improve profitability in New York?

How many people does the company have in New York according to their recent regulatory filings?

What is the significance of the request made to regulators regarding capital reserve requirements?

What does the speaker find remarkable about Deutsche Bank's request to lower capital buffers?

What concerns does Bank of America have regarding Deutsche Bank's capital situation?