Up to 20000 jobs could be axed at deutsche bank in a radical reorganisation of germanys biggest bank. Deutsche bank plans to cut 18000 jobs in a sweeping 74 billion overhaul designed to turn around germanys struggling flagship lender.
A man carries a box as he leaves a london office of deutsche bank which has confirmed plans to cut 18000 positions across its global business.
Deutsche bank jobs cut. Deutsche bank will cut 18000 jobs over three years as part of a radical reorganisation of the german bank. It will also report a second quarter loss of 28bn to. Germanys struggling lender deutsche bank is planning to cut up to 20000 jobs in a revamp which is expected to be announced as early as next week.
Deutsche bank has announced a massive retreat from its global ambitions scrapping its global equities business and laying off 18000 before 2022. Deutsche bank ag will cut about 18000 jobs by 2022 as the troubled german lender retreats from equities sales and trading and sets up a bad bank. Frankfurt reuters deutsche bank is to ax vast swathes of its trading desks in one of the biggest overhauls to an investment bank since the aftermath of the.
Deutsche bank is to axe vast swaths of its trading desks in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis a. The investment bank is expected to be particularly hard hit. Deutsche bank ag is considering slashing headcount by more than a fifth in whats shaping up to be its biggest makeover in years two people familiar.