Real Estate

More Deutsche Bank offices under threat in cost-cutting drive

New London and New York offices are the most high-profile steps taken so far to rationalise property portfolio

More Deutsche Bank offices under threat in cost-cutting drive

Deutsche Bank is in talks to move or close more offices around the world as part of new chief executive Christian Sewing's cost-cutting plan for the German lender.

Downsizing in London and New York have been the most notable steps taken so far to rationalise the troubled bank’s property portfolio. But a person familiar with the bank's plans said there are initiatives in train that could see more office space cut.

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