Deutsche Bank AG said it will shrink the lender’s workforce by about 26,000 people by 2018 as co-Chief Executive Officer John Cryan seeks to improve returns.
The company will cut about 9,000 jobs on a net basis, almost 10 percent of the workforce it expects to have at end of the year, and others will leave as part of assets that will be sold, Deutsche Bank said on Thursday. The bank will close operations in 10 countries including Mexico, Norway and New Z...
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead18
16:12 Trump to propose 10 percent spike in defense spending, massive cuts to other agencies20
19:58 Oscars Primer: What You Need to Know Before Tonight's Ceremony22
18:13 Warren Buffett's Shareholder Letter: 5 Lessons for All Investors22