The Germany-based bank recently announced a plan to cut 18,000 jobs amid a massive firmwide restructuring.
Deutsche Bank is paying"danger money" to lure a team of bankers from Credit Suisse to boost its wealth management business, according to a Financial Times report. The struggling lender reportedly offered the bankers pay raises of up to 40% and to match their 2018 bonuses, the report said. In early July, the bank announced it would be cutting 18,000 jobs worldwide as it restructured its business away from equities trading. Watch Deutsche Bank trade live.
Deutsche Bank is paying"danger money" to lure a team of bankers from Credit Suisse to boost its wealth management business, according to a Financial Times report. The struggling lender reportedly offered the bankers pay raises of up to 40% and to match their 2018 bonuses, the report said. In early July, the bank announced it would be cutting 18,000 jobs worldwide as it restructured its business away from equities trading. Watch Deutsche Bank trade live.
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