Deutsche bankers said in dark over job cuts

Uncertainty is the killer.

Deutsche Bank’s senior bankers were left in the dark over possible job cuts following a call with Managing Directors on Monday afternoon.

Bloomberg News reports that the briefing, presented by co-CEOs Anshu Jain and Juergen Fitschen, only repeated the firm’s public statements that details on how it will shrink will be made available over the next 90 days, according to bankers on the call, asking not to be identified as the discussion was private. 

Following a six-month review, and with Jain and Fitschen under pressure to boost returns after missing targets for three years, the bank said Monday it’s selling part of its Postbank consumer lender and cutting back the investment bank. 

To access the complete Bloomberg News article hit the link below:

Deutsche Bank Leaves Senior Staff in Dark Over Possible Job Cuts

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