BY LAURA STEVENS AND EYK HENNING
FRANKFURT—Deutsche Bank AG plans to cut about 1,000 jobs at its investment bank as dismal economic conditions in Europe and beyond take their toll on Germany’s largest bank.
The cuts, which will slash the bank’s investment-banking staff by as much as 10%, will mainly hit senior investment-banking and back-office jobs outside of Germany, according to people close to the bank. It is expected to announce the cuts at the end of July, when the bank reports what many analysts anticipate will be a decline in second-quarter earnings.
Courtesy of http://online.wsj.com/