Deutsche Bank Offloading 3,400 Trading Clients to Help Stimulate Profits

[kreslik.news]

Deutsche Bank has been in a state of flux in 2016, having embarked on an ambitious cost-cutting strategy that has seen the lender jettison thousands of back office, IT and trading jobs. Its latest cuts extend however extend beyond its own personnel, which now reportedly includes the loss of 3,400 trading clients, according to a Reuters report.

A little over a year ago, Deutsche Bank initially unveiled one of the more wide ranging strategies relative to the rest of the industry, opting to part ways with upwards of 35,000 workers over the next few years. Faced with sagging revenues ... (read more)