The Standard reports that some of the casualties have already been been advised and that the first round of the redundancy exercise should be completed within a few days.
The bank employs around 2,900 in equities globally and the division has been hit by falling profits due to less volatility in the markets and a sharp reduction in trading volumes.
Deutsche Wields Axe In Equities
The Evening Standard reports that Deutsche Banking is to sack 365 people in its equities division in London and New York by the end of the year.
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