Deutsche Bank Cuts Notice Period for Some Traders to One Month
- German lender reduces paid notice periods from three months
- Bank says it sometimes alters exit dates in line with policy
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Deutsche Bank AG cut the gardening leave for a limited number of senior traders after they announced they were departing in recent months.
Germany’s biggest bank reduced the paid notice from three months to as short as one month for some traders who were exiting voluntarily, according to people familiar with the matter. Traders in the fixed-income, currencies and commodities division were among those affected, the people said, asking not to be identified discussing personnel information.