Deutsche to cut 18000 jobs to increase profits

Deutsche to cut 18000 jobs to increase profits

Germany’s struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. It also plans to slim the division focused on fixed-income investments. This would cut roughly a quarter of its total annual costs.

Sandra
Sandra
Miles O'Brien
Miles O'Brien 6 months

Anticipating all those upcoming fines.

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