Deutsche Bank Introduces Hiring Freeze to Cut Costs

Moderator: moderators
rank: 1000+ posts
rank: 1000+ posts
Posts: 4409
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Deutsche Bank Introduces Hiring Freeze to Cut Costs

Postby » 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.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

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)

Please add to your ad blocker white list.
Thank you for your support.

Return to “news”