Deutsche Bank kicked off a plan to cut 18,000 jobs yesterday in a massive overhaul of the business. Most of these workers will be looking for jobs at the worst possible time due to an ever shrinking market and summer lull in hiring. An insider at one bulge-bracket firm, who spoke to Business Insider, said any poaching of top talent from Deutsche Bank had been done long before yesterday's cuts. Read more stories on Markets Insider.
Deutsche Bank kicked off a plan to cut 18,000 jobs yesterday in a massive overhaul of the business. Most of these workers will be looking for jobs at the worst possible time due to an ever shrinking market and summer lull in hiring. An insider at one bulge-bracket firm, who spoke to Business Insider, said any poaching of top talent from Deutsche Bank had been done long before yesterday's cuts. Read more stories on Markets Insider.
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Factbox: Deutsche Bank takes an axe to investment bankDeutsche Bank said on Sunday that it would make major cutbacks to its investment... :D böyle bişey oluyor işte zihinde o bana ben ona pazıl gibi bişey falan🖕😛🖕 True statement everything Trump touches DIES. More investigations to come with Trump, Retired Justice Kennedy’s son, Jared Kushner & Russia Money Laundering.
Source: Reuters - 🏆 2. / 97 Read more »
Deutsche Bank to Exit Global Equities, Trading BusinessDeutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decline. A good place to start would be to call all loans to Trumps and Kushners due and stop letting them continue to default without penalty. As soon as I saw DB the Benny Hill theme began playing in my head
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulThe bank aims to reduce costs by 6 billion euros. CEO Christian Sewing had broadcast 'tough cutbacks' during a shareholders' meeting in May. Bye S&P, Bye $SPY, Market is done for now. Congrats who is already set up to profit going down. Hodl XRP we want regulation
Source: CNBC - 🏆 12. / 72 Read more »