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Deutsche commodities head to leave, power desk hit hard

Posted on 13 December 2012

Deutsche Bank will make steep staff cuts at its U.S. and European power and gas trading desks, with the departures of dozens of traders and its global head of commodities, David Silbert.
Several sources close to the situation said on Wednesday the bank was shrinking the workforce as part of an earlier announced plan to chop 1,500 positions in corporate banking to save billions of euros amid a profit slump due to the euro zone crisis……………………………………….Full Article: Source


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