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Big axe falls as Deutsche Bank to lay off 18,000 in $8.3 billion overhaul
Germany's largest lender said on Sunday it will scrap its global equities unit and cut some fixed-income operations in a retreat from a long-held ambition to make its struggling investment bank
Deutsche Bank to cut more than 7,000 equities sales, trading jobs
Germany's biggest bank said global headcount would fall to well below 90,000 from 97,000, with a 25 per cent cut in equities sales and trading jobs
