The company employs around 7,000 people in the UK, largely in London and Birmingham.
The bank has not confirmed whether the job cuts will affect the UK.
The bank has not confirmed whether the job cuts will affect the UK.
Thursday’s announcement suggests most of the cuts will be non-client facing roles.
Chief executive Christian Sewing, who took charge in 2018, was tasked with turning around the lender’s fortunes by bolstering its retail division.
Staff have already endured cuts as the bank attempts to reassure investors by slimming down the business.
The industry has seen a fall in takeovers and share listings, which has dented revenues for many financial institutions.
Banks are usually mediators in big financial deals, and so stand to earn big fees from them.
The bank has not confirmed whether the job cuts will affect the UK.
The company employs around 7,000 people in the UK, largely in London and Birmingham.
Thursday’s announcement suggests most of the cuts will be non-client facing roles.
The bank has not confirmed whether the job cuts will affect the UK.
The bank has not confirmed whether the job cuts will affect the UK.
Thursday’s announcement suggests most of the cuts will be non-client facing roles.
Chief executive Christian Sewing, who took charge in 2018, was tasked with turning around the lender’s fortunes by bolstering its retail division.
Staff have already endured cuts as the bank attempts to reassure investors by slimming down the business.
The industry has seen a fall in takeovers and share listings, which has dented revenues for many financial institutions.
Banks are usually mediators in big financial deals, and so stand to earn big fees from them.
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