The paragraph in Deutsche Bank’s layoff statement that will scare all of Wall Street

Overnight Deutsche Bank announced that it would lay off 1,900 people — 1,500 of whom would be in the investment banking sector (read more here).

In a press release to explain the job cuts, the bank said government capital requirements were forcing it to search for cash. But there’s another paragraph that’s got all of Wall Street talking, Linette Lopez explains.

Read more here at Business Insider.

Trending

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments