Deutsche Bank to cut 15,000 jobs as it stumbles to €6bn loss

Germany’s biggest bank also plans to pull out of 10 countries and to sell units with another 20,000 workers

Deutsche Bank’s new chief executive John Cryan has vowed to chop the giant lender down to a more manageable size after it made a record loss of €6.01bn in the third quarter.

In a bid to return to a sustainable profit, Germany’s largest lender will slash its workforce, suspend its dividend for two years and pull out of 10 countries.

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