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Deutsche Bank Cuts Again. Not Even Fruit Bowls Are Safe

  • CEO Sewing is said to seek changing attitude toward costs
  • Travel, conferences, processes being reviewed in units
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Deutsche Bank Taps Into Employee Perks for Cutting Costs
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The list of perks at Deutsche Bank AG is shrinking fast.

Investment bankers at Germany’s largest lender have been told to travel coach class on trains; fewer are able to attend conferences and some former employees said severance pay was less generous than previous handouts. Even small treats like the daily fruit bowls are disappearing.