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Deutsche Bank cuts dealmakers as banks battle fee slump
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Deutsche Bank has cut dozens of jobs in its investment bank as firms ramp up dealmaker layoffs after a slump in fees.
The German lender told staff about the cuts on 19 October, Bloomberg reported, citing a person familiar with the matter. The layoffs amount to dozens of employees within its origination and advisory business globally, but are primarily focused on the junior ranks, the report said. The cuts are in line with reductions in prior years.
Deutsche...
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