Deutsche Bank's US job cuts may go deeper than equities, rates derivatives trading

Frankfurt

DEUTSCHE Bank AG's job cuts across the US will probably go far beyond equities and interest-rate derivatives trading, which have been marked as major targets, according to people with knowledge of the matter.

The German lender plans to start informing US workers of the reductions beginning on Monday provided its restructuring plan is adopted over the weekend, the people said, asking not to be identified because the matter is private. They did not give further details on which businesses may be affected.