Deutsche bank fixed income traders brace for job losses

Discussion in 'Wall St. News' started by Grandluxe, Apr 24, 2014.

  1. Deutsche issues note offering small hope to its paranoid fixed income traders
    by Sarah Butcher
    April 2014

    Deutsche Bank’s fixed income currencies and commodities (FICC) professionals are living in fear. Sometime soon, several hundred of their number will be asked to leave their desks at London Wall forever. Only a sudden, remarkable increase in fixed income sales and trading revenues can save them now.

    The German bank hasn’t officially commented about the layoffs (and declined to comment for this article), but is expected to dismiss 500 investment bankers over the coming months. Most are expected to go in London.

    Headhunters say the cuts won’t be restricted to the under-performing fixed income division: equity derivatives professionals will also be targeted, allegedly.

    http://news.efinancialcareers.com/u...ing-small-hope-paranoid-fixed-income-traders/