Swine Flu At Deutsche Bank? (UPDATE)

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As previously mentioned, at least one Citi employee has caught the pig sniffles. Apparently the Germans may have also gotten in on the fun.

One entire section of the trading floor has been converted into a "bubble boy" type facility. No word on moops or which specific desk went on a Mexican bender.


Not sure who your sources are for you posts on the swine flu, but there is no "bubble" on our trading floor. Our floors look the same, and are operating the same, as they normally do.
Ted Meyer
Director, Head of Communications - Americas
Deutsche Bank


Layoffs Watch '12: Deutsche Bank

The Germans thought about it and decided yes, layoffs sound like a great idea. Deutsche Bank said it will eliminate 1,900 jobs, including 1,500 at the investment bank, as part of an effort to save 3 billion euros ($3.68 billion). Deutsche Bank, based in Frankfurt, forecast “substantial costs” to achieve the savings without giving a figure in a statement to the stock exchange today. The job reductions are part of a strategy review Anshu Jain and Juergen Fitschen, Deutsche Bank’s new co-chief executive officers, are conducting as the lender grapples with declining revenue from the investment bank, which reported a 63 percent decline in second-quarter earnings today...“The time for vague promises of cultural change in our industry is long gone,” Jain said on a conference call with analysts and reporters. Deutsche Bank’s leaders are “totally determined to act quickly and decisively.” Deutsche Bank To Cut 1,900 Jobs In Bid To Save EU3 Billion [Bloomberg]