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Deutsche Bank axes at least 7,000 jobs in trading retreat
An honorable member of the Coffee Shop Has Just Posted the Following:
FRANKFURT (Reuters) - Deutsche Bank is slashing more than 7,000 jobs to cut costs and restore profitability, while keeping its international reach as its new CEO seeks to reassure investors and clients. Germany's biggest bank said global headcount would fall to well below 90,000 from 97,000, with a 25 percent cut in equities sales and trading jobs, which are mainly in New York and London and where it has been losing ground to U.S. rivals. Deutsche Bank did not give a specific number, but a... Deutsche Bank axes at least 7,000 jobs in trading retreat Click here to view the whole thread at www.sammyboy.com. |
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