Deutsche layoffs: impact in Singapore seen as muted : The effect is limited by its size of equity operations here; bank reportedly cut about half its equities staff in Asia
IMPACT at Deutsche Bank's Singapore operations will be more muted compared to other regional hubs such as Hong Kong, although the German lender declined to elaborate on the number of employees who will be affected here.
Following news of the troubled bank's overhaul on Sunday, Bloomberg reported on Monday that the bank had cut about half its equities staff in Asia and plans to reduce the group by another 25 per cent within a month.
The layoff is phased. Globally, the target is to cut...