By CNBC-TV18 Jul 9, 2019 8:19:18 AM IST (Published)
Deutsche Equities India, the trading arm of Deutsche Bank, is in the process of unwinding its India operations, following the parent’s decision to exit the equities trading business globally, reported Business Standard.
Deutsche Equities India, the trading arm of Deutsche Bank, is in the process of unwinding its India operations, following the parent’s decision to exit the equities trading business globally, reported Business Standard.
Recommended Articles
View All
New Locker Rules — Here's why the RBI has gone overboard
Jan 28, 2023 IST5 Min(s) Read
Meet Padma Shri Awardee Guru K Kalyanasundaram Pillai, the man who is keeping an ancient tradition alive
Jan 27, 2023 IST3 Min(s) Read
This is how the new draft IT rules propose to make online gaming safe
Jan 27, 2023 IST4 Min(s) Read
78 percent Indian workers uneasy about job security amid layoffs: Survey
Jan 27, 2023 IST5 Min(s) Read
Deutsche Equities India employs 35 people, all of whom could face the job axe, the report said citing people in the know.
When the newspaper questioned Deutsche Bank India, its spokesperson said it is too early to tell how the global announcement will impact domestic operations.
On Monday, Deutsche Bank said it planned to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany's struggling flagship lender.
The bank will scrap its global equities business and scale back its investment bank.
The overhaul, one of several over the past few years, signals that Deutsche is coming to terms with its failure to keep pace with Wall Street's big hitters such as JP Morgan Chase & Co and Goldman Sachs.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!