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Investment Banking

Deutsche Bank to cut 800 jobs as fixed income trading splutters

The German lender saw a 31% fall in dealmaking revenue during the first quarter

Chief executive Christian Sewing is looking to make cuts to put Deutsche on a firmer footing
Chief executive Christian Sewing is looking to make cuts to put Deutsche on a firmer footing Photo: Liesa Johannssen-Koppitz/Getty Images

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Deutsche Bank's fixed income trading unit slipped in the first quarter, pushing its investment bank profit down by 42%, as it looks for an extra €500m in cost savings.

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