Deutsche Bank Said to Cut 250 Investment Bank Jobs

Deutsche Bank is implementing cost-cutting measures, initially planning to cut 250 jobs in the securities unit, potentially increasing to over 500. The bank faces financial challenges, including three consecutive annual losses and declining revenue. CEO John Cryan, known for his cost-cutting focus, has abandoned the 2018 cost target, now aiming for a 23 billion cost basis. The bank's investment unit, a significant cost center, is under scrutiny as Cryan seeks to balance cost reduction with revenue growth.

What is the initial number of job cuts planned by Deutsche Bank in its securities unit?

• 250

• 100

• 750

• 500

Why is Deutsche Bank focusing on cost-cutting measures?

• To expand its workforce

• To address ongoing financial losses

• To launch new products

• To increase its market share

What challenge does Deutsche Bank face in addition to cost-cutting?

• Increasing its workforce

• Boosting revenue

• Reducing its market presence

• Expanding its product line

What was the initial cost target for Deutsche Bank in 2018?

• 20 billion

• 23 billion

• 25 billion

• 22 billion

What is the new cost target set by Deutsche Bank after abandoning the 2018 target?

• 20 billion

• 21 billion

• 23 billion

• 22 billion