Deutsche Bank to cut almost 2,000 jobs

Deutsche Bank, Germany’s biggest bank, has said it will cut 1,900 jobs, including 1,500 at the investment bank, as part of an effort to save €3 billion.

31st July, 2012
Deutsche Bank has said it will cut 1,900 jobs, as part of an effort to save €3 billion.

Deutsche Bank, Germany’s biggest bank, has said it will cut 1,900 jobs, including 1,500 at the investment bank, as part of an effort to save €3 billion.

According to a report by Bloomberg News, the Frankfurt-based Deutsche Bank forecast “substantial costs” to achieve the savings without giving a figure in a statement to the stock exchange today.

The job reductions are part of a strategy review by Anshu Jain and Juergen Fitschen, Deutsche...

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