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The bank also wants to halve the amount of clients it has in its global markets and investment banking business. In the heavily anticipated strategy update, Deutsche Bank said it wanted to focus on the markets, products, and clients where it was positioned to succeed. It also plans to ...
After building awareness and securing support, he and his team have implemented changes that keep the bank secure through cryptographic agility. He estimates they’ll be busy honing and refining their work for the next five years. “In my field of work, it comes down to keeping customer data...
Deutsche Bank axes more jobsMark Landler
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The hiring comes as Deutsche surprised investors last week with news that it plans to report ahigher-than-expectedprofit for the second quarter under new CEO Christian Sewing. Deutsche has seen key traders leave in the last few months amid plans to cut up to 7,000 jobs at the bank by the...
Deutsche Bank, which is gearing to develop its in-house engineering capabilities, is all set to hire 1,000 techies for its tech centres in India. It has already taken on 300 freshers from some of the top engineering institutes in India, including the IITs NITs and BITS Pilani, who will ...
The bank said it did not expect to have to raise additional capital from shareholders. The job cuts would reduce the workforce to 74,000. The bank would not say where the cuts would fall – many of its investment banking activities are carried out in New York and London. ...
"The significant downsizing of investment banking is a radical realignment of Deutsche Bank," which would stabilize German jobs in the long term, said ver.di Chairman Frank Bsirske. Deutsche Bank announced on Sunday to significantly downsize its investment banking division and to bundle its corporate...
Deutsche Bankshares slid on Thursday after it announced plans to cut more than 7,000 jobs and warned investors of a difficult second quarter. Germany’s largest lender said its workforce would stand at “well below” 90,000 after the restructuring, compared with more than 97,000 now. ...