Deutsche Bank Aktiengese... (NYSE:DB)
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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: 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 firstname.lastname@example.org
(END) Dow Jones Newswires
October 21, 2019 13:04 ET (17:04 GMT)
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