The Banking and Strategy Initiative

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Further Job Cuts at Deutsche Bank

More than 900 jobs cut across Paris, Zurich and London in this phase. Equity Proprietary Tradin made losses of €400 million while Credit Proprietary trading made losses of €900 million this quarter. Deutsche Bank sources added that it would eliminate jobs where activity will ‘not be’ next year including credit origination, exotics and proprietary trading. These are essentially smaller desks with few staff and a large negative impact in the current scenario

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This entry was posted on December 5, 2008 by in Financial Markets and tagged , .

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