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After market 03:59:55 pm | |||
| 14.44 EUR | -1.85% |
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14.48 | +0.32% |
| 09:36pm | ArcelorMittal Shares Decline Following Downgrade From Deutsche Bank | MT |
| 07:34pm | Top Midday Decliners | MT |
FRANKFURT (Reuters) - Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.
Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions.
Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.
It is in the process of cutting 9,000 jobs group-wide from 2015 levels, or around one in 10 staff, with 4,000 jobs expected to go in Germany.
(Reporting by Andreas Framke; writing by Maria Sheahan; editing by Kathrin Jones and Jason Neely)
| 1st Jan change | Capi. | |
|---|---|---|
| +16.77% | 30.87B | |
| +6.29% | 525B | |
| +3.00% | 284B | |
| +4.71% | 247B | |
| +14.61% | 199B | |
| +8.72% | 168B | |
| +2.37% | 157B | |
| -0.60% | 151B | |
| -0.66% | 139B | |
| -11.70% | 136B |
DEUTSCHE BANK AG 
