Deutsche Bank (NYSE:DB): Current price $51.72
Europe’s largest lender by assets, Deutsche Bank, is altering the employment relationships with its equity analysts based in Dubai by placing them on consulting contracts, so as to avert job cuts in the Middle East, say two knowledgeable sources, who specified that between three and six analysts are impacted by the decision. The analysts will forfeit some benefits, but they will still be eligible for medical cover and a bonus, and they will continue to provide research exclusively for the bank as before.
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