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Does the withdrawal of Deutsche Bank mean that investment banking is a liability? – Quartz

How many investment banks are too many investment banks? This week Deutsche Bank has made a big withdrawal from the business. Germany's largest bank, with around 18,000 jobs, is reducing one fifth of its workforce and is expanding its investment banking and trading units. In its most radical restructuring so far, the company will focus on more stable corporate banking …

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With Deutsche Bank cutting 18,000 jobs, Bitcoin offers a powerful plan.

Deutsche Bank, which takes an ax to 18,000 jobs and liquidates its investment banking arm, paints a bleak picture of traditional finance at a time of booming growth for Crypto As a result, the bank is leaving its stock sales and trading business , which reportedly generated revenue of 1.96 billion euros (2.20 billion dollars) in 2018. While still maintaining …

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Deutsche Bank shares gain 4% as lenders prepare for a major overhaul

Deutsche Bank's share price turned negative after rising almost 4% in early morning trading Monday as the German lender announced a mass restructuring program over the weekend. In one of the most courageous overhauls, the bank will cut 18,000 jobs by 2022 and close down the global sales and trading of equities to improve profitability. The bank expects the comprehensive …

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Deutsche Bank to cut 18,000 jobs in 7.4 billion euros overhaul

FILE PHOTO: The Deutsche Bank headquarters are located in Frankfurt, Germany October 29, 2015. REUTERS / Kai Pfaffenbach / File Photo FRANKFURT (Reuters) – German Bank ( DBKGn.DE ) plan to cut 18,000 jobs in a sweeping, 7.4 billion euro (£ 6.63 billion) overhaul designed to turn around Germany's struggling flagship lender The bank also wants to scrap its global …

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Deutsche Bank could reduce up to 20,000 jobs

Image Rights Reuters Caption "We are ready to make tough cuts," said CEO Christian Sewing earlier this year Up to 20,000 jobs could be cut at Deutsche Bank as the company announces plans for global restructuring. Most cuts are expected in the City of London and on Wall Street. The German banking giant has faced long-term problems, including the profitability …

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Deutsche Bank relies on a last dice roll

June 4, 1999 was a warm, sunny day in Frankfurt – perfect for the open-air party that Deutsche Bank hosted in front of its twin tower headquarters in the heart of the German financial capital. Hundreds of employees gathered in front of a huge video screen blasting footage from New York back and forth. They drank Miller beers, ate hamburgers …

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