By Leia Klingel Published May 23, 2018 Markets FOXBusiness Facebook Twitter Comments Print video What the Dodd-Frank overhaul means for banks Rep. Jeb Hensarling, (R-Texas), on Congress reforming Dodd-Frank, on the crackdown on the MS-13 gang and the push for border security. Many bank employees lost their jobs during and in the aftermath of financial crisis. While the economy, and jobs, have roared back since the Great Recession, one big international bank could soon announce a massive layoff. Continue Reading Below Deutsche Bank’s executives are considering eliminating close to 10,000 jobs or about one in 10 employees to accelerate cost-cutting – according to The Wall Street Journal, citing people familiar with internal negotiations. While the overall banking sector has been performing well – with the major U.S. banks reporting record-setting earnings – Deutsche Bank hasn’t been doing very well. The German bank’s shares are down by about one-third this year and are at their lowest price since 2016. Deutsche Bank CEO John Cryan was ousted in April, and now under the leadership of Christian Sewing, and according to reports, some big changes are being considered to cut costs. The latest quarterly results from the major U.S. banks, including JPMorgan Chase… Read full this story
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