European Bankers Can't Catch a Break as Firings Keep Coming
- Deutsche Bank, Barclays, Credit Suisse weigh reorganizations
- Ten banks have shrunk staff at investment bank units by 31%
Sunlight reflects off the twin tower skyscraper headquarters of Deutsche Bank AG as they stand in Frankfurt, Germany, on June 6, 2015.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Seven years after the collapse of Lehman Brothers Holdings Inc., Europe’s largest banks are poised for more bloodletting.
New management teams at Deutsche Bank AG, Barclays Plc and Standard Chartered Plc are among executives contemplating reorganizations that could involve thousands of job reductions. Deutsche Bank, which runs Europe’s biggest investment bank, may trim 8,000 positions across its businesses, a person familiar with the matter said this week.