Deutsche Bank plans to extend a restrictive new hiring policy that requires its top leadership to sign off on new recruits to thousands of workers on short-term contracts.
The German lender, which is in the midst of a cost-cutting programme that will eliminate a fifth of its headcount, now requires divisional heads to seek approval for new hires from chief executive Christian Sewing, chief financial officer James von Moltke and president Karl von Rohr, according to an internal announcement seen by Financial News.
