Nothing says ‘Happy Father’s Day’ to the men and women who work at Deutsche Bank in the U.S. like finding out today that they or their loved ones might soon be out of a job. According to the Financial Times “Deutsche’s equity and rates trading businesses outside continental Europe will be severely shrunk or closed entirely as part of the revamp.” Because Deutsche Bank is a significant derivatives and securities trader in the U.S., this shrinkage or closure will hurt U.S. residents employed by the perennially troubled German bank. According to the FT, Deutsche Bank CEO Christian Sewing, “is likely to announce the changes with the bank’s half-year results in late-July.”