Deutsche Bank to cut at least 250 investment banking jobs -source

Deutsche Bank to cut at least 250 investment banking jobs -source

A red traffic light is photographed in front of the head quarters of Germany's largest business bank, Deutsche Bank, in Frankfurt, Germany, December 6, 2017. REUTERS/Kai Pfaffenbach
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.(Reporting by Andreas Framke; writing by Maria Sheahan; editing by Kathrin Jones and Jason Neely)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/deutsche-bank-to-cut-at-least-250-investment-banking-jobs--source-9972134