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

Date : 10/21/2019 @ 6:19PM
Source : Dow Jones News
Stock : Deutsche Bank Aktiengesellschaft (DB)
Quote : 6.02  0.0 (0.00%) @ 9:23AM
Last Trade
Last $ 6.02 ◊ 0.00 (0.00%)

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

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--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:


--Write to Stephen Nakrosis at


(END) Dow Jones Newswires

October 21, 2019 13:04 ET (17:04 GMT)

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

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