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German Bank Plans To Cut 10,000 Jobs

Deutsche Bank, the biggest German commercial bank, plans to cut more than 10,000 jobs in a sweeping restructuring intended to reverse a slide in profits, news reports said Sunday.

According to Der Spiegel magazine, chairman Hilmar Kopper plans to cut 20 percent of the bank’s 54,400-member workforce in Germany. The bank also has 19,000 employees in other countries.

The collapse of the real estate empire headed by billionaire developer Juergen Schneider last year cost Deutsche Bank heavily.



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Trump to demand DOJ review claims of FBI spy on campaign

UPDATED: 3:23 p.m.

President Donald Trump says he’ll demand that the Justice Department review whether it or the FBI infiltrated his presidential campaign for political purposes and whether any demands or requests came from the Obama administration.