Deutsche Bank cuts another 1,000 jobs

Deutsche Bank cuts another 1,000 jobs
 

Deutsche Bank has announced that 1,000 jobs will be cut in Germany.
The move adds to the 3,000 job losses announced in June.
Almost half of the latest job cuts will hit the company's chief operating office, with the rest spread over several departments.
Deutsche Bank has been under intense pressure since mid-September, when US authorities said they wanted the firm to pay $14bn to settle an investigation into mortgage-backed securities.
Since then, the company has been trying to reassure investors and staff that its finances are strong enough to handle such a large fine.
To boost its... read more

 
6 October 2016 in Business, Views: 46
Source: BBC
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