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Deutsche Bank investment bank job cuts to include staff in Britain – source – Reuters

ByINVESTOR

Oct 21, 2022

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FRANKFURT, Oct 21 (Reuters) – The dozens of staff to be cut at Deutsche Bank’s (DBKGn.DE) 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

Our Standards: The Thomson Reuters Trust Principles.

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