Deutsche Bank has sacked 18,000 staff from offices around the globe as part of a radical restructuring plan that involves the closure of its equity trading business and a cut to some parts of its fixed income operations.
That’s a huge amount of staff to let go and represents around a fifth of Deutsche Bank’s global workforce.
A restructure on this scale smacks of desperation. The equities trading business obviously isn’t what it used to be.
Is this a sign of things to come?
The bloke on the right doesn’t look very happy.
https://www.news.com.au/finance/bus…s/news-story/52e1fcd6057de7eb8c771bb789c7c3ef
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