Deutsche Bank Weighs Job Cuts of at Least 10 Percent in Rates Unit

Deutsche Bank Weighs Job Cuts of a Minimum of 10% in Rates Unit 3(Bloomberg) — Deutsche Bank AG is considering significant cuts to the device that trades interest-rate securities, a branch that survived a large-scale pullback as part of the lender’s sweeping revamp in July. Chief Executive Officer Christian Sewing has concluded that it’s possible to reduce enough of the related technology prices to…
News story published on 2019-10-21T15:22:00.0000000Z