Big ax falls as Deutsche Bank to lay off 18,000 in $8.3 billion ‘reinvention’

A man carrying a box leaves a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson

FRANKFURT/SYDNEY/HONG KONG/NEW YORK (Reuters) – Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($8.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares. Germany’s largest lender said on Sunday it […]

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