Reuters
- Global investment banks have been suffering this year, with European banks being hit the hardest.
- As a result, nearly 30,000 jobs have been cut or are set to be cut across the sector.
- Deutsche Bank's radical overhaul of its business accounts for a large proportion of global cuts, but Barclays and Citigroup have also announced major cuts across their operations.
- View Markets Insider for more stories.
Nearly 30,000 investment-banking jobs are on the chopping board this year as the global banking industry looks set for a gloomy second half of 2019.
The Financial Times reported that most of the cuts have been in European banks, with Deutsche Bank making up a large portion of the layoffs after last month's overhaul.
See the rest of the story at Business Insider
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