Wednesday, November 19, 2008

Deutsche Bank to axe roughly one in seven traders

Deutsche Bank to axe roughly one in seven traders

FRANKFURT, Nov 19 (Reuters) - Deutsche Bank will cut roughly one in seven jobs in its trading business, or about 900 staff, its single biggest reduction to investment banking since the onset of the global financial crisis, sources with knowledge of the matter told Reuters.

Posted by mark @ 10:07 PM (719 views)
Please complete the required fields.

One thought on “Deutsche Bank to axe roughly one in seven traders

  • I wonder if those remaining at DB are working more efficiently?

    Just a little grumble, but… I’ve spent a day diagramming how my boss’ boss is doing twice as much work as everyone thought. Reports are coming off to justify our existence from a number of angles… we are saving the company, saving the world…etc

    Meanwhile my productivity, doing “real work”, drops to almost Zero.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>