Deutsche Bank SharesTumble as it Readies to Cut 18,000 Jobs

Richard Drew/AP/Shutterstock
July 8, 2019
Deutsche Bank announced an across-the-board overhaul that will shrink its global footprint and cut a whopping 18,000 jobs over the next three years. The German bank also plans to shut down its global equities sales and trading business. Christian Fromhertz, Founder & CEO of Tribeca Trade Group, joined Cheddar to discuss what the restructuring means for the bank moving forward.