Deutsche Bank is laying off 1900 people. 1500 of them are in
the investment bank.
From BusinessInsider: This news comes as Meredith Whitney's been chatting with Tom
Keene on Bloomberg TV this morning, and just as she started explaining why she
thought Wall Street's big banks would initiate massive layoffs (50,000,
actually).
Deutsche Bank's stock is shooting up, according to
Bloomberg. That makes sense according to
Whitney's thesis as she explained it to Maria Bartiromo last week— the market
will reward banks that shrink their staff and their business…
Read more: http://www.businessinsider.com/deutsche-bank-layoffs-2012-7#ixzz22CnGu0xg
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