Up to 2,000 job losses are thought likely as Chief Executive Josef Ackermann is under pressure from investors to improve profitability and boost the bank's market value.
The headcount reductions are thought to include positions at the bank's private clients and asset management businesses in continental Europe. The investment bank, which has already shed around 6,000 jobs in the last 18 months, is thought likely to escape major surgery.
Deutsche May Axe Thousands
Reuters reports that Deutsche Bank is thought to be considering thousands more job cuts in the coming months as it continues to get its cost-base under control.
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