What’s Wrong With Deutsche Bank? Now, Just About Everything
October 6, 2016
Just as Deutsche Bank’s stock seemed to rebound after months of decline amid intense regulatory scrutiny, the 146-year old financial institution announced it plans to lay off 1,000 employees in Germany. The move is part of a restructuring effort to reduce its staff by 9,000 worldwide. At the time of the announcement, the bank employed about 100,000 people.