Here’s what’s been happening on Wall Street overnight

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Deutsche Bank may be trimming its staff in the US, but some executives at the German lender say this isn’t necessarily a bad thing.

Business Insider recently sat down with James Gibson, a Wall Street veteran and ice cream entrepreneur, who joined Deutsche earlier this year as CIO for client and digital for the corporate and investment bank. Gibson described a smaller headcount as an opportunity for the firm.

Here’s our story.

In deals news, Goldman Sachs’ asset management arm and former Honeywell CEO David Cote are teaming up in an unusual move to raise $US600 million to purchase a company in the industrials space, according to a filing late on Friday. The entity, known as a blank check company or special purpose vehicle (SPAC), will rely on Cote’s more than 40 years of experience in the industry to find a company to buy and run the resulting business.

In venture news, an incident back in 2006 shows just how far back Theranos’ deception went in the company’s history.

In markets news:


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