Struggling German lender Deutsche Bank confirms it's laying off thousands more staff [USA TODAY]
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Source: USA TODAY
In this file photo taken on April 26, 2018 the towers of German Company Deutsche Bank are pictured in Frankfurt am Main, western Germany.German financial giant Deutsche Bank could cut up to 10,000 jobs as it looks to convince investors it is serious about returning to profitability, according to media reports on May 23, 2018. (Photo: DANIEL ROLAND, AFP/Getty Images) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Deutsche Bank announced Thursday that it would cut an additional 7,000 jobs by 2019 in a bid to make the lender profitable again. The number of full-time positions is expected to fall from just over 97,000 currently to well below 90,000; the associated personnel reductions are underway, Deutsche said in a statement shortly before its annual shareholder meeting. The bank said the job cuts would hit its equities sales and trading division, which was expected to lose 25% of its workforce. We remain committed to our Corporate and Investment Bank a
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