Deutsche Bank to cut 800 jobs after strong first quarter as cost cutting continues

Deutsche Bank recorded its best profit in a decade as the bank recorded its 11th consecutive quarter of profit but signalled there would be more job cuts as it continues its restructuring efforts. The bank announced plans to accelerate its strategy, including attempts to cut costs by €500m over the next few years. This will include 800 job cuts in a range of non-client facing senior roles globally.