Deutsche is Germany’s biggest bank. It operates in 59 countries and employs 7,500 people in London MICHAEL PROBST/APDeutsche Bank may cut 20,000 jobs from its global empire in an attempt to improve its performance, including making hundreds of staff in London redundant. The struggling German bank is considering the move as part of its latest drive to cut costs and boost returns. Deutsche has been struggling since the financial crisis a decade ago with a stream of regulatory investigations and fines, feeble returns and too-high costs. Deutsche is Germany’s biggest bank.

Source: The Times June 28, 2019 16:07 UTC