Germany's Deutsche Bank aims to shed 900 to 1,000 investment banking staff in response to weak market conditions, two people familiar with the matter told Dow Jones Newswires on Thursday.

Senior bankers and the back office will likely be affected by the job cuts, according to one person. The bank doesn't want to reduce personnel in Germany, said another.

Deutsche Bank cutting up to 1,000 investment bank jobs

The bank aims to shed 900 to 1,000 investment banking staff in response to weak market conditions, according to two people familiar with the matter

Dow Jones Newswires

Deutsche Bank

Bank of America

Credit Suisse

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