FRANKFURT (Reuters) - Deutsche Bank
Germany's flagship lender was expected to cut about 1,000 jobs, or 10 percent of its staff in the United States, as scales back its global investment banking ambitions, a person familiar with the matter told Reuters last month.
Bloomberg reported on Tuesday that Deutsche Bank was considering a cutting about 20 percent of the jobs in the region.
Deutsche Bank's new chief executive, Christian Sewing, two weeks ago called time on three expensive decades of struggles to become a global investment bank by signalling a retreat to Europe. The bank has announced cut backs in bond and equities trading, where it has been unable to break the grip of the U.S. powerhouses such as Goldman Sachs
(Reporting by Arno Schuetze; Editing by David Goodman)
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Updated Date: May 09, 2018 02:05 AM