Deutsche Bank Review of Rates Unit May Lead to Job Cuts, Sources Say -Bloomberg

Date : 10/21/2019 @ 5:19PM
Source : Dow Jones News
Stock : Deutsche Bank AG (DBK)
Quote : 6.721  -0.061 (-0.90%) @ 4:35PM

Deutsche Bank Review of Rates Unit May Lead to Job Cuts, Sources Say -Bloomberg

Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart

2 Months : From Oct 2019 to Dec 2019

Click Here for more Deutsche Bank Aktiengese... Charts.

--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)

Copyright (c) 2019 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.