BREAKING | Deutsche Bank employees turned away from work

Deutsche Bank employees turned away from work

Deutsche Bank employees in London have been told to clear their desks immediately, before having their security passes deactivated, according to correspondence from The Telegraph’s Lucy Burton.

The move comes after yesterday’s announcement of a huge restructure which will see 18,000 job cuts as part of a radical reorganisation – The BBC reports. CNBC reported that the bank is set to pull out of global equities sales, trading and scale back investment banking – as well as slash thousands of jobs – to improve profitability.

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