Deutsche Bank’s Equities, Fixed Income Personnel Primed for Dramatic Cuts
- The lender is planning to cut 17 percent of its equities staff and 6 percent of its fixed-income staff globally.
Deutsche Bank’s 2017 strategy looks remarkably similar to its 2016 one, favoring job cuts across one of its lagging sectors to help stimulate revenues and profits.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Its latest round of cuts are focused on its Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term space, which is expected to lose as much as 17 percent of its equities staff and 6 percent of its fixed-income staff globally, according to a Wall Street Journal report.
Back in December, Deutsche Bank shot down rumors surrounding its capital strength, after a US settlement worth $7.2 billion. Subsequently, the group reiterated that its credit rating and its ability to operate in the United States were unaffected.
Concerns were originally raised after a potential weakening of the bank’s ability to pay coupons on some of its bonds. No European lender has been under more pressure than Deutsche Bank over the past year, as it has been haemorrhaging staff since first embarking on an aggressive cost-cutting strategy back in 2015.
European banks have been gradually shifting personnel out of London and other locations due to labor costs, most commonly to Southeast Asia. However, Deutsche Bank’s recent round of cuts will affect its business globally.
Previously, the vast majority of jobs on the chopping block were IT or back office roles, though trading desks in the fixed income and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term space have also been hit.
Deutsche Bank’s 2017 strategy looks remarkably similar to its 2016 one, favoring job cuts across one of its lagging sectors to help stimulate revenues and profits.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Its latest round of cuts are focused on its Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term space, which is expected to lose as much as 17 percent of its equities staff and 6 percent of its fixed-income staff globally, according to a Wall Street Journal report.
Back in December, Deutsche Bank shot down rumors surrounding its capital strength, after a US settlement worth $7.2 billion. Subsequently, the group reiterated that its credit rating and its ability to operate in the United States were unaffected.
Concerns were originally raised after a potential weakening of the bank’s ability to pay coupons on some of its bonds. No European lender has been under more pressure than Deutsche Bank over the past year, as it has been haemorrhaging staff since first embarking on an aggressive cost-cutting strategy back in 2015.
European banks have been gradually shifting personnel out of London and other locations due to labor costs, most commonly to Southeast Asia. However, Deutsche Bank’s recent round of cuts will affect its business globally.
Previously, the vast majority of jobs on the chopping block were IT or back office roles, though trading desks in the fixed income and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term space have also been hit.