As Deutsche commences equities cuts, fixed income reshuffle in the cards

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By Jennifer Kang
08 Jul 2019

Layoffs began at Deutsche Bank in New York on Monday morning, following the German bank's announcement that it will exit the equities business and rejig fixed income operations globally, including in securitization.

Sources confirmed that layoffs began in New York on Monday, on top of those that had already taken place in London and Asia. On top of eliminating its equity sales and trading business, the bank will be resizing its fixed income business, which includes “all securities-structuring businesses" globally including ABS, ...

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