Deutsche Bank Introduces Hiring Freeze to Cut Costs

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Deutsche Bank Introduces Hiring Freeze to Cut Costs

Postby kreslik.news » Wed Oct 12, 2016 1:09 pm


Deutsche Bank has introduced a hiring freeze as it seeks to cut costs amid a deep strategic overhaul, according to a Reuters report today.

The German lender reportedly sent a memo to managers on the hiring freeze, which does not include the bank’s compliance department.

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Deutsche Bank’s management is working frantically on restoring investor confidence by speeding up a series of cost-cutting measures following a US Department of Justice (DoJ) demand to pay up to $14 billion for the misselling of mortgage securities before the financial ... (read more)

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