The reported reduction in headcount does not represent a change in strategy for the bank, source says.
Tag: Job Cuts
The first quarter this year saw the largest investment banks globally reduce headcounts at the fastest rate since 2014, with equities divisions seeing the largest decline.
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
Despite a dramatic drop in job cuts, hiring at US financial firms remained flat in January this year.
Internal memo to Blackrock's staff reveals around 400 jobs will be cut.
The bank’s targeted savings has been increased as cost-cutting plans accelerate.