The bank is set to finalise the details of the lender
HONG KONG: Whole teams within Deutsche Bank AG have been told their positions were gone, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
The layoffs began in Sydney yesterday, then spread across the region, taking in the bank’s Hong Kong and Singapore trading hubs before bankers in Europe then reached their offices to find out their fates.
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