Deutsche Bank Closes Dubai Equity Research in Global Cull
- German lender will cut 8 jobs with department closure
- CEO Sewing is seeking to cut costs, boost profitability
Photographer: Michael Nagle/Bloomberg
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Deutsche Bank AG will close its equity research department in Dubai as it restructures the business globally, according to people with knowledge of the matter.
Germany’s biggest lender will cut eight positions as part of the closure, one of the people said, asking not to be identified because the information isn’t public. A spokesman for Deutsche Bank declined to comment.