The sector is shrinking and leaving for Frankfurt, Dublin, Paris and Lux and Brexit has been charged with much of the offence, just as was predicted.
The maximum shake out was estimated to be 25,000 finance jobs leaving the UK.
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DeutscheBank has trillions ( in US Dollars, 2015 annualized basis ) of off-the-books bad debt. These
bad debts may well sink Deuschebank for good !
I think that 25K number is way too low. We'll see.
Nah, dont blame BREXIT - just look at the bloodbath that's going on in the USA right now and you'll realize that the pain is global and not related to a singular event (brexit)
Plans for our £350m HQ in Moorgate are still in motion - no changes. Drop headcount, march forward. Burn cash. Unload badbankco and good luck all!
I remember when that DB banker waved money out of the window at NHS nurses marching in London some years ago. I guess we call that KARMA!
https://www.mirror.co.uk/news/uk-news/city-banker-sacked-after-taunting-117333
Weird...DB still lists dozens of jobs (some finance, some tech) in its London office? Maybe the IT layoffs occurred so fast that the IT workers couldn't update the job site? I feel sorry for staff in the London office.
The whole debacle has been handled very poorly – from orchestrating who goes to what room, who is saying what to what kind of paperwork is handed out and signed. They had enough time to prep and being so much disorganized is unacceptable. If you really want to be “People Oriented” as you claim, you should step it up in the time of need – and that time is this week.
London will carry the brunt of the hits...
We are cutting 3.2K people or 40% of the 8K people DB employs in London...