Deutsche Bank is cutting 15,000 jobs as part of a major reorganisation of the company.
It will close some branches and pull out of 10 countries, including Denmark, Norway and Mexico.
The bank has also announced losses of around €6bn over the third quarter.
The changes are being made in an effort to return to profit.
It is reported that the bank is hoping to reduce its risk-weighted assets to about €320bn by the end of 2018.