Deutsche Bank to Cut Equities and Fixed Income Trading StaffBy
Cuts said to affect up to 6% of FI staff and 17% of equities
Company aims to eliminate 9,000 jobs to raise profitability
Deutsche Bank AG is about to eliminate staff at its trading business, according to a person familiar with the matter, a day after reporting results for the unit that missed analysts’ expectations.
The bank will cut as much as 17 percent of staff globally in its equities unit and reduce fixed-income headcount by as much as 6 percent, with notices to be served to employees soon, the person said…
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