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Deutsche Bank axes 18,000 jobs worldwide as part of $8.3bn restart plan
Numerous Deutsche Bank employees around the globe were told to leave on Monday, with the German lender eliminating entire teams in Asia and Australia as part of its massive plan to “restart” some business operations.
Cuts began on Monday morning in Sydney, Hong Kong and other locations in the Asia-Pacific region. In Asia alone, Deutsche Bank will close all operations, though the majority of the...