Tag Archives: Deutsche bank


Largest investment banks have worst beginning to year since 2006

09 September, 2019 4:26 am 4:26 am

LONDON (Reuters) – The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition on Thursday. In the first six months of 2019 investment banks reported revenues of $76.8 billion (62.6 billion pounds), down 11% on the prior year and the … Read More

Historic overhaul: Deutsche Bank axes whole teams in Asia-Pacific as 18,000...

07 July, 2019 10:02 am 10:02 am

SYDNEY/HONG KONG (Reuters) – In a visible job cut announcement, the entire teams in Deutsche Bank’s (DBKGn.DE) Asian operations were informed their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis. The German bank … Read More

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Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

07 July, 2019 9:59 pm 9:59 pm

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 18,000 jobs in a sweeping, 7.4 billion euro (£6.63 billion) overhaul designed to turn around Germany’s struggling flagship lender. The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street. The bank … Read More