The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital markets and trading businesses, said the people, who asked not to be identified because the details aren’t public. Managing directors are included in the plan, they said.
The cuts are a result, in part, of the bank’s decision to increase base pay for senior bankers, boosting fixed costs, two people said. No decision has been made on the total number of job losses, the people said, although The Financial Times reports that Deutsche is set to cut 500 jobs in the investment bank in London and continental Europe.
Hit the link below to access the complete Bloomberg article: