Layoffs Watch '12: Deutsche Bank
The Germans are considering sending some bankers to live on a farm upstate, where there's plenty of fresh air and room to run around.
Europe’s biggest bank by assets, is considering cutting about 1,000 positions at its investment bank as revenue declines, according to a person with knowledge of the matter. The cuts will be mostly outside Germany, where the firm’s investment banking operations are focused, said the person, who asked not be identified as Deutsche Bank’s plan hasn’t been made public.