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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

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Reuters  |  Frankfurt 

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 per cent cut in equities sales and trading jobs, which are mainly in New York and London and where it has been losing ground to US rivals. Deutsche Bank to cut more than 7,000 equities sales, trading jobs . Christian Sewing, who became CEO in a management reshuffle last month, said the bank was ...

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First Published: Thu, May 24 2018. 22:47 IST
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