Deutsche Bank to make thousand people redundant

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Source: Reuters

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.

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Thu, 19 Jul 2012 17:09:19 GMT

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