Deutsche Bank to cut 18,000 jobs - Laws vital to limit bank staff risks

Deutsche Bank has confirmed plans to cut 18,000 jobs across its global business, with the layoffs coming two months after the company’s chief executive, Christian Sewing, promised shareholders tough cutbacks to save over €1bn.

Job losses come just over a year after the bank slashed 6,000 jobs across its global business, as part of a first round of restructuring.