At Deutsche Bank, How Two Decades of Disarray Culminated in ‘Bloody Sunday’20

It takes a lot to rattle Wall Street.

But Deutsche Bank managed to. The beleaguered German giant announced on July 7 that it is laying off 18,000 employees—roughly one-fifth of its global workforce—and pursuing a vast restructuring plan that most notably includes shutting down its global equities trading business.

Original source
https://fortune.com/2019/07/12/deutsche-bank-layoffs-bloody-sunday/

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