Deutsche Bank is taking a dramatic step to revive its good fortunes by severely cutting back its investment banking activities, resulting in a global layoff of 18,000 staff, an executive shake-up, and aggregate charges totaling €3 billion ($3.4 billion) for the second quarter of this year. “The restructuring actions will include a workforce reduction of… Read More >>
Key Firms Issue Pink Slips During Bonus Season
As the new year got underway, some staff members at A-list financial services firms got pink slips instead of bonuses as more firms lay off staff — a result of rocky 2018 markets that have taken their toll on the bottom line. In particular, on the buy side, firms are reeling from investors’ preference for… Read More >>
