Deutsche Bank's U.S. Cuts May Go Deeper Than Equities, Rates

Deutsche Bank is finalizing a turnaround plan that may involve significant job cuts, particularly in the US, targeting equities and interest rate derivatives trading. The cuts could range from 15,000 to 20,000 jobs. Stephen Arons from Bloomberg discusses the potential impact and the bank's future in the US, where it currently has a large presence. The restructuring plan will address how Deutsche Bank can continue to meet client needs despite potential reductions.

What is the primary focus of the Bank Supervisory Board's turnaround plan?

• Implementing new technology

• Expanding into new markets

• Increasing customer service staff

• Significant job cuts, especially in the US

What is the estimated range of job cuts being considered at Deutsche Bank?

• 5,000 to 10,000

• 15,000 to 20,000

• 25,000 to 30,000

• 35,000 to 40,000

Who is the Bloomberg reporter discussing the Deutsche Bank situation?

• Sarah Lee

• John Smith

• Stephen Arons

• Michael Johnson

How has Deutsche Bank's US workforce changed since 2017?

• Doubled in size

• Remained the same

• Decreased by 10%

• Increased by 10%

What is a major concern for Deutsche Bank if further cuts are made in the US?

• Losing market share in Europe

• Inability to meet client service needs

• Increased operational costs

• Overstaffing in other regions