Deutsche Bank CEO Slashes 18,000 Jobs as Germany's Biggest Bank Collapses - Is this Bear Stearns 2.0? Is a global stock market crash coming soon?

submitted by magnora7 from bloomberg.com

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Well I read that their aim is to have 74,000 employees worldwide, which would be 18,000 less than current, but that isn't exactly "SHUTTING DOWN"...

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Well, they're shutting down all their trading and equities branches, and there's probably more layoffs to come... seems like at least half of it has collapsed overnight, which is a huge deal for the biggest bank in Germany