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Deutsche Bank to cut at least 250 investment banking jobs

[FRANKFURT] Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.

Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions.

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

It is in the process of cutting 9,000 jobs group-wide from 2015 levels, or around one in 10 staff, with 4,000 jobs expected to go in Germany.

REUTERS

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