Deutsche Bank investment bank job cuts to include staff in Britain – source

Deutsche Bank investment bank job cuts to include staff in Britain - source
© Reuters. FILE PHOTO: The logo of Deutsche Bank is pictured on an office of the company in London, Britain July 8, 2019. REUTERS/Simon Dawson

FRANKFURT (Reuters) – The dozens of staff to be cut at Deutsche Bank (ETR:DBKGn)’s investment bank include staff based in Britain, a person with knowledge of the matter said on Friday.

Reuters reported on Thursday that Deutsche Bank has cut staff in origination and advisory segments of its investment banking unit, as a pullback in financing deals compels lenders to limit costs.

The cuts in New York and London will be in the “dozens”, said the person, declining to give a concrete figure.

Source: Reuters