Deutsche Bank to cut up to 500 investment banking jobs: Report

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

Deutsche Bank to cut up to 500 investment banking jobs: Report

FRANKFURT: Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.

Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions.

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

It is in the process of cutting 9,000 jobs group-wide from 2015 levels, or around one in 10 staff, with 4,000 jobs expected to go in Germany.

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close