A Worrisome - Deutsche Bank Is Cutting More Than 7,000 Jobs

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Deutsche Bank (DB) on Thursday announced plans to overhaul parts of its investment banking business and bring down costs. It said the measures are expected to reduce its number of full-time staff members from just over 97,000 to "well below 90,000." It's the latest effort by Deutsche Bank to turn around its business after years of losses. Last month, it ousted CEO John Cryan, replacing him with Christian Sewing, who has spent his entire career at the bank. Sewing announced soon after taking over that job cuts were coming.

Edited by franco

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I'm always asking myself how does a bank lose money?

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