Deutsche Bank investment bank job cuts to include staff in Britain

Fri Oct 21 2022
Eric Whitman (272 articles)
Deutsche Bank investment bank job cuts to include staff in Britain

The dozens of staff to be cut at Deutsche Bank’s (DBKGn.DE) investment bank include staff based in Britain, a person with knowledge of the matter said on Friday.

Reuters reported on Thursday that Deutsche Bank has cut staff in origination and advisory segments of its investment banking unit, as a pullback in financing deals compels lenders to limit costs.

The cuts in New York and London will be in the “dozens”, said the person, declining to give a concrete figure.

Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London