FRANKFURT (Reuters) – The dozens of staff to be cut at Deutsche Bank’s investment bank include staff based in Britain, a person with knowledge of the matter said on Friday.
Reuters reported on Thursday that Deutsche Bank has cut staff in origination and advisory segments of its investment banking unit, as a pullback in financing deals compels lenders to limit costs.
The cuts in New York and London will be in the “dozens”, said the person, declining to give a concrete figure.
(Reporting by Tom Sims and Marta Orosz, editing by Rachel More)
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