Fahrholz told journalists before last week's Dresdner Bank AGM: 'We are looking at the moment whether and to what extent further job cuts in investment banking are necessary.'
The Dresdner boss warned that he felt that there was little likelihood of a significant recovery in investment banking revenues this year in the light of ongoing weak capital markets. He also stated that April 'had not been the best month for banks.'
Dresdner Mulls Further Cuts
Dresdner Bank AG chairman Bernd Fahrholz has been reported as saying that Dresdner is considering cutting more heads in investment banking, although no final decision has yet been made.
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