Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact editor@evestment.com

News Archive

Read More Industry News >

Deutsche Bank Cutting 500 Jobs

Mar 19, 2014
Jing Chen

German banking giant Deutsche Bank is planning to slash another 500 jobs in its investment business.

Financial Times reported that Deutsche Bank is set to cut the jobs from its London and continental Europe offices in the next few months in the bond and currencies trading and corporate finance units. The article added that the move comes as the bank’s fixed income division, which is also its main profit generator for years, is heading toward another revenue drop of about a fifth in the first quarter of this year.

Deutsche has cut 1,500 jobs since 2012 when it announced its downsizing plans to reduce costs by $6.2 billion, slashing its cost to income ratio in the investment bank last year from 81% to 76%.

Deutsche Bank is Europe’s biggest investment bank by revenue.

Read More Industry News >

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More