Deutsche to cut 900 jobs by the end of the year
Deutsche Bank has moved to cut 900 jobs across its global markets division by the end of the year in response to losses in structured credit and proprietary trading in the third quarter, becoming the second major bank to disclose substantial staff reductions this week.
Germany's second-biggest bank, Commerzbank AG, says it plan to cut as many as 6,000 jobs over the next three years as it tries to reduce costs.