Leaked memo shows how Deutsche Bank spared its research department, where bankers are bracing for brutal future
|07/10/2019||Posted by BusinessMediaguide.Com under General World News||
- Deutsche Bank axed its derivatives and equities trading arms as part of massive job cuts but left its research function relatively untouched, and a memo leaked by one of the bank’s hedge fund clients gives details on which jobs were spared.
- Deutsche will not touch its fixed-income research team, while its US and European Union research units will have slight cuts to their sales teams, the memo says.
- Deutsche Bank’s decision to keep its research unit largely intact shocked insiders, sources say, since it has not historically had a strong reputation in that area. European regulations have also upended the research read more >>>