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.
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