Deutsche Bank retreat hits City hard as thousands of jobs go. What does it mean for Barclays as the last European pretender in investment banking? ?

📆 9/07/2019 7:24 AM
📰 The Independent

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The German bank is bowing to reality. Just because Barclays, the last European standing, is in the same time zone doesn't make this an automatic win for the bank, which has faced questions of its own over its investment banking ambitions

Costa Cola

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Most jobs would vanish when the AI comes fully and they may drive cars and do everything and certainly the Rich are not going to protect the poor peoples job and they would flush them down the drain and the governments controlling the nations are corrupt,Bad Times for The People

Barclays Bank has no warrants of arrest issued against them yet and has 10% bad assets(my grandfathers shareholding in UK Sterling) so possibly they will also not require 2,700 odd workers in a few months.

Brexit again 🙄

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Deutsche Bank staff 'sent home' as 18,000 job cuts begin - business liveRolling coverage of the latest economic and financial news, as Germany’s Deutsche Bank begins a deep restructuring that will cost thousands of jobs worldwide Pro tip, don't work for any bank that has become a front for Russian money laundering. I know it isn't their fault. The criminals probably still have a home there. “Restructuring” aka, losing money. Duche.
Source: The Guardian - 🏆 84. / 53 Read more »