Deutsche Bank cuts come to fixed-income unit - Bloomberg

|About: Deutsche Bank Aktiengesell... (DB)|By:, SA News Editor

Deutsche Bank (NYSE:DB) is cutting dozens of jobs from its fixed-income ranks, Bloomberg reports -- an area that generally escaped cuts in a round two months ago that focused more on cutting equities traders.

That's being tied to underperformance in some areas, including a Latin American credit business that's being eliminated.

The bank has cut employees in high yield, distressed and investment-grade teams in New York and abroad, according to the report.

Subscribe for full text news in your inbox