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Leaked memo shows how Deutsche Bank spared its research department, where bankers are bracing for brutal future

David Folkerts-Landau Deutsche

  • 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 >>>

    Source:: BusinessInsider.Com