Deutsche Bank Said to Consider Staff Cuts at Investment Bank
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Deutsche Bank AG, Europe’s biggest bank by assets, is considering cutting about 1,000 positions at its investment bank as revenue declines, according to a person with knowledge of the matter.
The cuts will be mostly outside Germany, where the firm’s investment banking operations are focused, said the person, who asked not be identified as Deutsche Bank’s plan hasn’t been made public. Armin Niedermeier, a spokesman for the Frankfurt-based bank, declined to comment on potential job losses.