Thu, 19 Jul 2012 16:49:20 GMT
Deutsche Bank to make thousand people redundant
Deutsche Bank to fire around 1,000 employees, almost a tenth of its
investment banking staff at the
end of this month. In order to fight a deceleration
in capital markets activity, Germany's flagship lender to follow global
investment banks, such as Credit Suisse, UBS and Goldman Sachs to cut staff. According to sources familiar with the matter,
staff will be redundant mainly outside Germany.