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06

Deutsche Bank to Cut an Additional 1,000 Jobs in Germany

By Tony Seruga

The headquarters of Deutsche Bank in Frankfurt. CreditHannelore Foerster/Getty Images

LONDON — Deutsche Bank said on Thursday that it would eliminate 1,000 full-time positions in Germany as part of job cuts the embattled lender first announced last year.

The announcement comes with Deutsche Bank facing a series of challenges. Its shares have plunged more than 50 percent in the last year over concerns about the pace of attempts to turn business around after a run of poor financial results and a failing grade in a banking stress test in June…

Deutsche Bank to Cut an Additional 1,000 Jobs in Germany

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