Deutsche Bank to Axe 3,500 Jobs to Cut Costs
A Deutsche Bank AG bank branch in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank has revealed plans to cut 3,500 jobs by the end of next year to slash its costs.
The German banking giant said the move is part of efforts to cut 2.5 billion euros (£2.1 billion) of costs to help improve its profits.