Deutsche bank warns of more job cuts
Deutsche Bank posted forecast-beating third-quarter pretax profit as retail banking and asset management offset a drop in investment banking which it warned was facing its toughest conditions since 2008 and could lead to more job cuts.
Swiss bank Credit Suisse said on Thursday it was cutting 11 percent of its workforce, or 5,300 jobs, as it revealed it made a net loss of about 3 billion Swiss francs in October and November.