Deutsche Bank could cut 'up to 20,000 jobs'

Up to 20,000 jobs could be axed at Deutsche Bank as the company is set to announce plans for a global restructuring.The German banking giant has been beset with long-term problems, including the profitability of some operations and a falling share price.failed merger talks with rival CommerzbankReports suggest the company's board will approve a restructuring plan on Sunday, resulting in the loss of up to a fifth of the company's global workforce.

Mr Sewing told shareholders at the annual general meeting in May that he would"accelerate transformation" by focusing the bank on"profitable and growing" businesses.London is the home of its largest investment operations, with a total of nearly 8,000 staff based in the UK.Related Topics

Peaceful_411 Boo hoo, Good! Money laundering is bad. Anything supporting the mob is bad.

He goes on to blame Brexit - propably.

Failing EU. So glad we're leaving! 🇬🇧🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿

Deutsche Bank is bust and this isn't due to Brexit...

They should improve their efficiency in responding to crisis situations involving dreamweavers and their inheritance(Hamayun Khan Khattak). They have exposed their erroneous property management with their creation of what they have named 'Bad Bank' to carry bad assets.

In fact the tories want out of the EU to avoid Eu banking regs so that they can totally deregulate the banks. You know, the banks- the ones that all walked away Scot-free after they ruined the economy?

Is that due to brexit as well?

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Peaceful_411 Why don’t they just steal more money?

20,000 people without jobs, affecting, what, 60,000 family members?

And with Brexit, we're wrecking London's position as one of the top financial hubs. You can bet we're gonna get the brunt of the cuts. Thanks again, Leavers!

See , has nothing to do with brexit... they just suck

Another EU success story

Damn the world markets aren’t going to like that news Monday.

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