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Deutsche Bank Bosses Had Their $1,800 Suits Fitted As Hundreds Were Laid Off

WorldNews Tuesday, 9 July 2019 ()
Deutsche Bank Bosses Had Their $1,800 Suits Fitted As Hundreds Were Laid OffAs hundreds of investment bankers were being fired on Tuesday, several managing directors at the company's office in the City of London were being personally fitted for suits that cost more than $1,500, according to The Guardian. Photographs taken outside the office revealed tailors from Fielding & Nicholson, an upmarket tailor, walking out of the door with suit bags on Monday. Ian Fielding-Calcutt, the tailor’s founder, and Alex Riley were visiting Deutsche Bank to fit suits for senior managers as the company prepared to cut 18,000 jobs around the world in London, New York, Hong Kong, and more cities. “Our timing was not great,” Fielding-Calcutt told Financial News. “I think a lot of the...
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News video: Deutsche Bank's $8.3 Billion Overhaul Means Shedding 18,000 Jobs

Deutsche Bank's $8.3 Billion Overhaul Means Shedding 18,000 Jobs 00:43

Deutsche Bank plans to cut 18,000 jobs in a sweeping, $8.3 billion overhaul. According to Reuters, the purge is designed to turn around Germany’s struggling flagship lender. The bank will also jettison its global equities business and scale back its investment bank. The bank expects a $3.1 billion...

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