--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.
Deutsche Bank (XE:DBK)
Historical Stock Chart
From Sep 2020 to Oct 2020 Click Here for more Deutsche Bank Charts.
Deutsche Bank (XE:DBK)
Historical Stock Chart
From Oct 2019 to Oct 2020 Click Here for more Deutsche Bank Charts.