Deutsche Bank's Big Cut: 3,500 Jobs on the Line
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0Deutsche Bank announces plans to cut 3,500 jobs globally by next year, joining other financial institutions grappling with reduced deal-making amid rising interest rates. The bank's expansion in the UK, acquiring Numis, remains uncertain in the face of potential job cuts, with CEO Christian Sewing focusing on restructuring to boost the retail division. The move reflects broader industry challenges, as banks worldwide, including Citigroup, Goldman Sachs, and Barclays, trim their workforce due to a decline in takeovers and share listings.