Deutsche Bank investment bank job cuts to include staff in Britain – source
3:46 am Friday, October 21st, 2022
FRANKFURT (Reuters) – The dozens of staff to be cut at Deutsche Bank’s investment bank include staff based in Britain, a person with knowledge of the matter said on Friday.
Reuters reported on Thursday that Deutsche Bank has cut staff in origination and advisory segments of its investment banking unit, as a pullback in financing deals compels lenders to limit costs.
The cuts in New York and London will be in the “dozens”, said the person, declining to give a concrete figure.
(Reporting by Tom Sims and Marta Orosz, editing by Rachel More)
