Deutsche Bank starts slashing jobs - what went wrong?

Analysts say lender struggled to adjust to aftermath of financial crash

161223-wd-deutsche.jpg
(Image credit: 2013 Getty Images)

Deutsche Bank has begun the first round of 18,000 job cuts announced at the weekend as part of radical global restructuring.

Hundreds of employees in London, New York and Tokyo learned their careers “ended in an envelope, a hug and a cab ride”, says Reuters on Monday morning.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More