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Deutsche to cut 10,000 jobs

DeutscheDeutsche Bank may cut some 10,000 jobs, which will be about a tenth of its global workforce. The measure is part of the bank’s efforts to reduce costs. The procedure may extend into 2019, according to reports. The bank had announced it is scaling back its global investment bank and refocus on Europe and its home market after three consecutive years of losses. The bank is expected to withdraw from a number of equities markets across the globe.

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