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Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention

Reuters Monday, 8 July 2019 ()
Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which Germany's largest lender said would mean yet another annual loss, knocking its shares.
Credit: The Street - Published < > Embed
News video: What to Watch in the Markets: The Fed, Deutsche Bank and More

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Jim Cramer and Action Alerts PLUS Research Analyst Zev Fima are taking a look at the markets Monday, including the Fed, Real Money Stock of the Day Deutsche Bank and more. What Will Get Jim Bullish Again? Despite cooling off slightly following Friday's better-than-expected jobs report, markets...

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