Deutsche Bank’s radical restructuring rocks Frankfurt

Europe’s largest lender, Deutsche Bank, has announced it will cut 18,000 jobs in an effort to radically restructure the financial institution.

Deutsche has said the move will cost 7.4 billion euros, as the company leaves global investment banking behind and slashes some operations in fixed income.

Staff across Asia were already seen leaving their buildings, though the bulk of job cuts are expected to be in Europe and the United States.

Could those jobs have been saved if Donald Trump had paid back his loans?

Categorieën:Overheid en samenleving

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