REUTERS/Kai Pfaffenbach Shares of Deutsche Bank declined more than 4% Monday as a round of global layoffs at the firm began. The bank recently announced a major restructuring that will involve winding down its equities business, eliminating 18,000 jobs by 2022. The restructuring plan comes after the bank’s proposed merger with Commerzbank fell through. It’s […]
Deutsche Bank slides after layoffs begin as part of its $8.3 billion restructuring plan (DB)
REUTERS/Kai Pfaffenbach Shares of Deutsche Bank declined more than 4% Monday as a round of global layoffs at the firm began. The bank recently announced a major restructuring that will involve winding down its equities business, eliminating 18,000 jobs by 2022. The restructuring plan comes after the bank’s proposed merger with Commerzbank fell through. It’s […]