0 £0.00
This item was added to your basket
Powered by
Credit Strategy homepage

Dear visitor,
You are viewing 1 of your 1 free articles

We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

Deutsche Bank announces 18,000 jobs cut in restructure

Deutsche Bank is to cut around 18,000 jobs worldwide as it seeks to “become more profitable, improve shareholder returns and drive long-term growth”.

Although it has yet to state which jobs will be lost, it said it would be exiting the equities sales and trading businesses, much of which take place in London and New York.


Deutsche Bank is one of the largest employers in the City of London, with nearly 8,000 staff in the square mile.


Overall, the bank said it would cut its global workforce to 74,000 by 2022 – a reorganisation that will cost the company €7.4bn (£6.6bn) over the next three years.


Paul Achleitner, chairman of the supervisory board of Deutsche Bank, said: “This fundamental transformation is the right response to the major changes and challenges in the financial industry. Deutsche Bank has been through a difficult period over the past decade, but with this new strategy in place we now have every reason to look forward with confidence and optimism.”



HMRC crown preference changes “bad deal”, says R3

HMRC crown preference changes “bad deal”, says R3

Construction firm Kier to cut 1,200 jobs

Construction firm Kier to cut 1,200 jobs

Arcadia Group creditors approve CVA

Arcadia Group creditors approve CVA

Our partners

Manolete Partners
Any Stock Buyer
Debenhams Ottaway
Nexia International
Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group