Access Investments-European Union- ROMANIA

Well, Deutsche Bank, VW, immigrant welcome mat manufacture rates down, Mother Merkel beatification questioned. Bit bumpy huh!...Deutsche Bank has unveiled plans to split-up its struggling investment banking operations as part of a shake-up which will see the departure of a host of senior executives. The bank, which employs more than 8,000 people in the UK, said Colin Fan, who was co-head of the investment bank, has resigned, while Michele Faissola, the head of the asset and wealth management business, will also leave. Stefan Krause, who was Deutsche’s finance chief until earlier this year, is also departing at the end of the month. Stephan Leithner, currently a member of the lender’s management board, is quitting to join private equity house EQT ... The dramatic overhaul is part of a plan by John Cryan, who became co-chief executive in July, to revive the lender’s fortunes. As well as the personnel changes, Deutsche said that its investment bank, which is Europe’s largest, will be divided into two divisions: a new unit called Global Markets, comprising sales and trading activities, and another called Corporate & Investment Banking, incorporating its corporate finance and global transactions banking operations. The shake-up comes less than a fortnight after the bank revealed that it would slump to a €6.2bn loss during its third quarter. The huge loss was driven by a €5.8bn impairment charge that Deutsche blamed on a higher capital requirements, which hit the value of the investment bank, and a write-down of its Postbank business, which is being sold.