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Empresas y finanzas

Deutsche Bank to slash 1,900 jobs to save $3.67 billion


    FRANKFURT (Reuters) - Deutsche Bank said it will slash 1,900 jobs in an effort to achieve cost savings of about 3 billion euros ($3.67 billion) as part of a broader strategic overhaul unveiled by the bank's new chiefs on Tuesday.

    The cull of jobs will happen mainly outside of Germany, and comes in response to a slowdown in financial market activity.

    Job cuts mark an about-turn for the German bank, which in April said it saw no need for layoffs at its investment bank.

    (Reporting By Edward Taylor)