Deutsche Bank Planning to Cut Up to Half of Global Equity Jobs

Jun.28 -- Deutsche Bank AG is preparing to cut hundreds of jobs in its global equity division as part of a broader restructuring following the collapse of a potential merger with Commerzbank AG. Bloomberg's Sonali Basak reports on "Bloomberg Markets."

[letsfixit]

Deutsche bank dosen´t have "over the next couple of years".

[beecee]

Good news on the stress test? What a test.. trying to look smart with his glasses in hand. Deutsche Bank is gone!! Just a matter of time. Stress test....bwahahahah

[johntowers]

Nothing motivates a workforce like sacking every 5th one of them...

[bayradionews]

The bank need to pull itself up by the bootstraps😂😂😂

[imerflores]

Sucks to be happening but it is preventive which should be respected as well as the fact that they are letting the public know in advance. Wish the bank the best to the bank, hope they can recoop soon

[cw]

Stress test passed my arse!!! If its passed why are they cutting half their staff? To fund their present losses not their future losses which will be so much bigger thanks to its derivatives which run into 30 trillion.

[shadzrob]

Why isn’t this reported more? I’ve barely heard any news about it on the BBC or other news outlets. This is huge. The bank is basically bankrupt.

[ozzyguy]

How about the ringleaders going to prison...as in Iceland.

[curtissherwood]

Just the beginning. ...the whole world will follow suit.

[bambangsuseno]

The dead could not possibly hold a pen to sign his death

[rivobravo]

I have no sympathy for German taxpayers, they didn't have any for the poor Greece. My guess is Germany has not enough money to save the bank nor can print money because the BCE is a pool of European Central Banks, whereas the German stake is 18% and decisions must be unanimous.
Some suggest that the FED will save DB and the control of it will fall in American hands. Could this be seen as USA way to push back Germany? This case is not only about money but also as geopolitical struggle. Germany, as first economy in the EU, mistakenly believes to plays the same role as USA.

[stevep]

No fan of bankers but 10s of thousands of jobs will hurt a lot of Americans. It's really good they didn't locate all those Amazon management jobs in NY!

[grahamshepherd]

Whats that rumbling noise? oh dear, another earthquake!

[hariseldon]

Ooh poor banking community - my heart bleeds - but what about the most senior management? Will they still get their fat bonuses?

[hariseldon]

BREXIT has to happen sooner rather than later - else they will be facing a very large European Banking Bill...

[josem]

im buying the dip and going all in on DB stock when it goes down to 1 euro a share.

[How.Dare.You.]

what the hell is wrong with this female speaker. she needs to learn how to talk