Deutsche Bank's Investment Banking Unit to Lay off Dozens of Employees

​The dozens of staff to be cut at Deutsche Bank's (DBKGn.DE) investment bank include staff based in Britain, a person with knowledge of the matter said on Friday.

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As reported before, Deutsche Bank has cut staff in origination and advisory segments of its investment banking unit, as a pullback in financing deals compels lenders to limit costs.

The cuts in New York and London will be in the "dozens", said the person, declining to give a concrete figure.