Dismissed Deutsche Bank staff head out as overhaul bites

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The job cuts hit Deutsche's equity trading business, leaving other divisions of investment banking unscathed. Business

The headlines about the layoffs generates questions from clients, but"my message to my clients is 'nothing's changed,'" a New York banker told Agence France-Presse.

Analysts said it was high time for Deutsche Bank to stop its decades-long drive to emulate the investment titans of Wall Street. Attendance at Deutsche Bank's offices in the towering International Commercial Centre in Hong Kong had already fallen dramatically in recent days, Bloomberg News quoted an insider as saying.

Several wore grim expressions, facing up to a future in which Brexit is already complicating life for City bankers as Britain exits the European Union.

 

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