Deutsche Bank slashes 7,000 jobs, with City likely to take hit
(The Guardian Germany)

Bank announces investment arm will lose one in four jobs only hours before AGMDeutsche Bank, Germany´s largest lender, is to cut more than 7,000 jobs globally, with its investment banking business in London likely to be hit.Deutsche said one in four equities sales and trading jobs, which are mainly located in New York and London, would be axed. The bank´s global headcount is expected to fall from just over 97,000 to well below 90,000. The firm said it would not provide a breakdown at this stage but that all regions would be affected. Related: Barclays` smoke and mergers will not deflect tough questions Continue reading...