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Deutsche calls time on global banking ambitions by cutting 18,000 jobs and setting up €74bn 'bad bank'

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Deutsche to dump €74bn of assets into 'bad bank' as restructuring unveiled

This will include setting up a "bad bank" stuffed with €74bn of toxic assets, closing down large units in its investment banking arm - including equities trading - and laying off about a fifth of its workforce.

 

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Deutsche Bank confirms plan to cut 18,000 jobsThe German lender will exit the share trading business, much of which is in London and New York. Corbyn sticking it to the greedy bankers Come on BEEB, tell us we can stop this with a deal. To fire at list 18.000 employees
Source: BBCNews - 🏆 3. / 97 Read more »