FX ‘safe’ in latest round of job cuts at Deutsche, for now
Savings gained from restructuring said to free up capital to invest in core areas
Foreign exchange appears to be unscathed in Deutsche Bank’s announced mass layoffs this week as it downsizes its investment bank in a bid to cut overall costs by a quarter by 2022. The firm says it will reduce its total workforce by an estimated 18,000 by 2022.
While the German bank revealed it will cut its equities sales and trading business, and “resize” its fixed-income business, it announced it “will focus on its traditional strengths in financing, advisory, fixed income and currencies
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