Germany Deutsche Bank says it will cut 18,000 jobs by 2022 in a heavy restructuring it's calling a "radical transformation" aimed at restoring consistent profitability and improving returns to its shareholders.

The Frankfurt-headquartered bank said Sunday it would drop its stock sales and trading unit as part of a plan to exit more volatile investment banking activities.

It says it will also bundle 74 billion euros of assets into a separate unit for disposal, freeing capital reserves to pay for the restructuring.