Deutsche Bank Will Cut a Minimum of 250 Banker Jobs -Bloomberg

02/19/18 09:30 AM EST

--Deutsche Bank has begun eliminating at least 250 jobs across its corporate and investment banking units worldwide as it grapples to keep expenses down while its securities division continues to struggle, Bloomberg reports, citing unnamed sources.

--As many as 500 roles could be axed in the ongoing cuts, which have already affected mid- and senior-level investment banking posts in the U.S. and London, according to Bloomberg.


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(END) Dow Jones Newswires

February 19, 2018 09:30 ET (14:30 GMT)

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