February 19, 2018 / 1:46 PM / 8 months ago

Deutsche Bank to cut at least 250 investment banking jobs -source

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.

A red traffic light is photographed in front of the head quarters of Germany's largest business bank, Deutsche Bank, in Frankfurt, Germany, December 6, 2017. REUTERS/Kai Pfaffenbach

Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions.

Deutsche’s Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

It is in the process of cutting 9,000 jobs group-wide from 2015 levels, or around one in 10 staff, with 4,000 jobs expected to go in Germany.

Reporting by Andreas Framke; writing by Maria Sheahan; editing by Kathrin Jones and Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below