Deutsche Bank To Cut 500 Jobs In Europe
Amidst Barclays PLC (NYSE:BCS) (LON:BARC) cutting 12,000 jobs, another major bank plans on cutting jobs in London. Deutsche Bank AG (NYSE:DB) (ETR:DBK) is planning to cut another 500 jobs in bond and currency trading units as well as the corporate finance division, the Financial Times is reporting. Job cuts across European banks Deutsche Bank AG (NYSE:DB) (ETR:DBK) had previously cut 1,500 investment banking jobs since 2012, saving the firm $7.48 billion (4.5 billion pounds), the report noted. Numerous European banks reduced the size of key divisions last year, including UBS, Credit Suisse pulling back in its rates business, Deutsche Bank cutting its commodities arm and Barclays eliminating legacy...
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