Further Job Cuts at Deutsche Bank


More than 900 jobs cut across Paris, Zurich and London in this phase. Equity Proprietary Tradin made losses of €400 million while Credit Proprietary trading made losses of €900 million this quarter. Deutsche Bank sources added that it would eliminate jobs where activity will ‘not be’ next year including credit origination, exotics and proprietary trading. These are essentially smaller desks with few staff and a large negative impact in the current scenario

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on December 5, 2008, in Financial Markets and tagged , . Bookmark the permalink. Leave a comment.

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