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Axe falls as Deutsche Bank lays off 18,000 in $8.3 billion reinvention

WORLD · BUSINESS

July 8, 20195 min read, 1053 words

Axe falls as Deutsche Bank lays off 18,000 in $8.3 billion reinvention

and and in

Published: July 8, 2019 | 5 min read, 1053 words

FRANKFURT/SYDNEY/HONG KONG/NEW YORK (Reuters) - Deutsche Bank laid-off staff from Sydney to New York on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) “reinvention” which will lead to yet another annual loss and knocked its already battered shares. Germa...