Monthly Archives: July 2019

Diary of a Deutsche Bank stock trader: The day I lost my job

On July 8, Deutsche Bank presented the full details of its latest strategic plan to become a leaner, more profitable organisation. These included18,000 jobs cuts across its global workforce and the closure of its equities business.

The bank wasted no time in firing staff. Deutsche’s chief executive Christian Sewing said of the cuts at the time: “Let me really emphasise that this is the bitter part of our decisions.”

Financial News ’s Nell Mackenzie spoke to a member of Deutsche’s stock-trading team in London who lost their job during the restructuring and agreed to share their account of the day on condition of anonymity. 

Read on.