Financial Crisis

Deutsche Bank Cuts Jobs

The moves comes as an attempt to makes savings amid profit loses and a worsening situation in the eurozone.

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Deutsche Bank is to shed 1,900 staff, mostly outside Germany, in an attempt to reduce costs in the European economic downturn.

It hopes to save 3bn euros ($3.7bn; £2.4bn) in a general overhaul of its investment banking arm, which will lose 1,500 posts.