The Duran Quick Take: Episode 235. The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Deutsche Bank's 18,000 job cuts by 2022, as part of a sweeping overhaul at the ailing German bank, which is transitioning out of high-risk investment banking. Deutsche Bank staff from Australia, Asia and the United States were notified of the massive lay-offs as they arrived for work, and were later photographed leaving their offices with large envelopes and boxes of their belongings. Germany’s biggest bank is cutting roughly one-fifth of its workforce, reducing its headcount to 74,000 employees, in an effort to cut annual costs...
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