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Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention

Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which Germany's largest lender said would mean yet another annual loss, knocking its shares......»»

Category: topSource: reutersJul 8th, 2019

Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention

Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) "reinvention" set to tip Germany's largest lender into yet another annual loss......»»

Category: topSource: reutersJul 8th, 2019

Brussels Airlines slashes jobs, fleet as COVID-19 bites

Brussels Airlines, part of Germany's Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its survival during and after the COVID-19 pandemic......»»

Category: topSource: reutersMay 12th, 2020

HSBC slashes top investment bank jobs despite broad firing halt, Reuters says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 20th, 2020

Fifth Third Bank adding 1,000 jobs

Fifth Third Bank is adding nearly 1,000 jobs amid the ongoing coronavirus pandemic. Cincinnati's largest local lender (Nasdaq: FITB) said the hiring spree will "provide essential banking services to customers and offer new career opportunities for.....»»

Category: topSource: bizjournalsApr 7th, 2020

Fifth Third Bank adding 1,000 jobs, including "significant number" in Cincinnati

Fifth Third Bank is adding nearly 1,000 jobs amid the ongoing coronavirus pandemic. On Monday, Cincinnati's largest local lender (Nasdaq: FITB) said the hiring spree will "provide essential banking services to customers and offer new career opportu.....»»

Category: topSource: bizjournalsApr 6th, 2020

"The deepest recession on record": Bank of America slashes forecasts, now sees up to 20 million jobs lost, 15.6% unemployment, and a shrinking economy for 3 straight quarters

  Jonathan Bachman/Reuters Bank of America now expects that US gross domestic product will contract for three quarters, with a cumulative decline of 10.4%, according to a Thursday note. .....»»

Category: topSource: businessinsiderApr 2nd, 2020

HSBC Remains EU"s Largest When It Comes to Assets But Will Get Smaller By 35,000 Jobs

HSBC (NYSE: HSBC), Europe's largest bank in terms of assets, revealed a major reorganization decision tha.....»»

Category: earningsSource: benzingaFeb 20th, 2020

HSBC Remains EU"s Largest When It Comes to Assets But Will Get Smaller By 35,000 Jobs

HSBC (NYSE: HSBC), Europe's largest bank in terms of assets, revealed a major reorganization decision that would decrease the total number of staff from 235,000 to around 200,000 in the next three years. read more.....»»

Category: blogSource: benzingaFeb 20th, 2020

Deutsche Bank shares soar after new shareholder steps in

Deutsche Bank on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany's largest bank which has been hit by losses and misconduct scandals......»»

Category: topSource: reutersFeb 6th, 2020

State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy

State Street Bank has cut over 100 blockchain developer jobs as part of a pivot from transforming its plumbing with DLT to supporting digital assets......»»

Category: forexSource: coindeskDec 4th, 2019

JPMorgan mulls shifting thousands of jobs out of NY area

JPMorgan Chase's new Manhattan headquarters is meant to be an ode to both the company and the city -- a monumental glass-and-steel tower that says the nation’s largest bank grew up here. But New York may be losing its luster......»»

Category: topSource: moneycentralOct 28th, 2019

JPMorgan mulls shifting thousands of jobs out of NY area

JPMorgan Chase's new Manhattan headquarters is meant to be an ode to both the company and the city -- a monumental glass-and-steel tower that says the nation’s largest bank grew up here. But New York may be losing its luster......»»

Category: topSource: moneycentralOct 28th, 2019

Deutsche Bank plans to cut about 9,000 jobs in Germany, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 8th, 2019

Half of Deutsche Bank"s 18,000 job cuts will be in Germany: report

Deutsche Bank plans to cut 18,000 jobs, including half in Germany, Bloomberg News reported, citing people famil.....»»

Category: topSource: marketwatchOct 8th, 2019

HSBC CEO Abruptly Ousted, Bank Slashes 4,000 Jobs As Profit Outlook Plunges

Despite a quarter that was marked by unrest in the streets of Hong Kong, HSBC reported relatively robust results on Monday (local time) that beat the Street’s expectations. And in addition to .....»»

Category: blogSource: zerohedgeAug 5th, 2019

Major bank slashes 18,000 jobs in $8.3 billion overhaul

Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability......»»

Category: topSource: moneycentralJul 8th, 2019

Deutsche Bank To Cut 18K Jobs In "Most Fundamental Transformation" In Decades

Germany's Deutsche Bank AG (NYSE: DB) confirmed over the weekend it will eliminate 18,000 jobs by 2022 to save 17 billion euros ($19 billion USD). read more.....»»

Category: blogSource: benzingaJul 8th, 2019

Deutsche Bank is kicking off a brutal cull of 18,000 jobs as part of a $8.3 billion overhaul. Here"s what we know about what"s going on at the German bank.

Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing revealed a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday......»»

Category: topSource: businessinsiderJul 8th, 2019

Deutsche Bank CEO slashes 18,000 jobs in $8.3 billion overhaul

Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability......»»

Category: topSource: moneycentralJul 8th, 2019