Deutsche Bank Considering Closing Operations in Some Countries

LONDON— Deutsche Bank AG is considering sweeping changes that could include scaling back or closing operations in some countries, as well as overhauling the bank’s executive ranks, according to people familiar with the matter.

The German lender’s 19-member supervisory board is discussing those options as part of a broader array of possible strategic shifts as they meet at an annual gathering in the Bavarian Alps today and into the weekend, the people said.

The outcome of the discussions will mark the first major moves by Deutsche Bank’s new chief executive, John Cryan, who is looking to cut costs, boost profitability and help the bank recover from a series of regulatory missteps. Executives have promised to deliver adetailed strategy update to the public by the end of October.

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