Deutsche Bank, Germany's biggest bank, is considering cutting 2,000 jobs in its investment banking and asset management activities as part of a wide range of cost-cutting measures, the business daily Handelsblatt reported on Thursday.
Belt-tightening measures were scheduled to top the agenda at a meeting of the bank's supervisory board later on Thursday, the newspaper said, quoting banking sources.
Also at the meeting, a key supervisory board member Ulrich Cartellieri was expected to tender his resignation as a result of differences over strategy. Last month, chairman Josef Ackermann had already hinted that jobs could be cut in its investment banking division in order to reach Deutsche Bank's profitability targets next year.
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