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Deutsche layoffs: impact in Singapore seen as muted

The effect is limited by its size of equity operations here; bank reportedly cut about half its equities staff in Asia

This is the bank's biggest restructuring in decades, and, according to Bloomberg, the first time since at least 1993 that it will not be paying dividends.


IMPACT at Deutsche Bank's Singapore operations will be more muted compared to other regional hubs such as Hong Kong, although the German lender declined to elaborate on the number of employees who will be affected here.

Following news of the troubled bank's overhaul on...