Thursday, April 26, 2018

Deutsche Bank Posts Weak Q1 Results, Plans Job Cuts In CIB Unit; Stock Down

Shares of Deutsche Bank were losing around 2 percent in German trading after the banking giant reported lower profit and revenues in its first quarter with weakness in all segments, mainly Corporate & Investment Bank. Separately, the bank announced actions to reshape its Corporate & Investment Bank and additional cost-cutting measures, including job cuts.

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