Thursday, 26 April 2018

Deutsche Bank will make 'significant' job cuts

Deutsche Bank will make "significant" job cuts as it scales back its corporate and investment banking operations, Germany's biggest lender has said.

Its new chief executive, Christian Sewing, said the job losses were "painful but regrettably unavoidable".

The cuts will mainly fall in US and Asia, Deutsche Bank said.

The comments came as the bank reported a sharp drop in first-quarter corporate and investment bank revenues.

BBC      News.

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