Deutsche Bank Reassigns Top Quantitative Analysts To Solve Employee Gridlock Problem At 60 Wall
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Survey says: Less than half of employees "are proud to work at the firm."
Autonomous pretty certain that the fall of The House of Cryan is nigh.
These things take time. Deutsche Bank is eliminating about 85 jobs at its Japan and Hong Kong equities units as Europe’s widening debt crisis curbs economic growth in Asia. The bank cut about 15 positions in Tokyo yesterday, and plans to tell 30 employees in equity research, sales and trading today that they will be dismissed, three people with knowledge of the matter said. The Frankfurt-based company trimmed 40 jobs in Hong Kong yesterday, according to another person, who asked not to be identified because the information is private. [Bloomberg]
Tough breaks over in Germany.