Deutsche Bank Review of Rates Unit May Lead to Job Cuts, Sources Say -Bloomberg
October 21 2019 - 1:19PM
Dow Jones News
--Deutsche Bank (DB) is completing a review of its rates
business unit that trades interest-rate securities, which may lead
to a reduction in headcount at the unit, Bloomberg reported Monday,
citing "people briefed on the matter."
--If the bank decides to cut jobs, the number would be in the
low double-digit percentage range, the report said.
--A Deutsche Bank spokesman said "We are committed to a robust
and broadbased rates platform, and are investing in areas of our
rates business where we see opportunities to grow our client
franchise," according to the report.
Full story:
https://www.bloomberg.com/news/articles/2019-10-21/deutsche-bank-considers-job-cuts-of-at-least-10-in-rates-unit
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 21, 2019 13:04 ET (17:04 GMT)
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