Breaking News: Deutsche Bank is Cutting 18,000 Jobs, Exiting the Stock Sales and Trading Business, and Shuffling Leadership in a 'radical transformation'
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- Deutsche Bank announced that as part of a "radical transformation," it's cutting 18,000 jobs by 2022.
- The bank says it's dropping its stock sales and trading unit, and creating a new "Corporate Bank" to focus on commercial and corporate clients.
- The bank also announced that Chief Regulatory Officer Sylvie Matherat and retail head Frank Strauß will be leaving the company...