Deutsche Bank to cut 20 jobs in Japan

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Source: Bloomberg
© Scanpix/AFP

Deutsche Bank AG reduced nearly 20 jobs in its Tokyo division. Koichiro Yasuda, manager of Deutsche Bank AG's finance investment banking in Japan quit after the cut. At least three management positions have been eliminated said bank in its statement yesterday. Before reductions Deutsche Bank provided employment for about 70 people in Japan. Job cuts are implemented amid bank's efforts to reduce operating costs globally. 

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