Deutsche Bank Is Planning to Cut Half Its Team in Brazil
- Lender had 334 employees in the nation as of December 2014
- Four directors, vice president said to have exited Tuesday
Deutsche Bank’s 1.15 Billion Euro Problem...
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Deutsche Bank AG, the German lender exiting Latin American countries including Argentina and Mexico, is planning to cut about half its employees in Brazil as it moves trading elsewhere, five people with knowledge of the decision said.
At least four directors and a vice president were let go Tuesday, according to two of the people, who asked not to be identified because they’re not authorized to speak publicly on the subject. The bank had 334 employees in Brazil as of December 2014.