In early July, Deutsche Bank announced it planned to layoff 18,000 employees as part of major overhaul to its business.
London-based Barclays has reportedly lured hedge fund clients with $20 billion worth of balances from Deutsche Bank, according to reports from Reuters and CNBC. Goldman Sachs and JPMorgan were also trying to convince Deutsche Bank's clients to jump ship, CNBC reported, citing sources with knowledge of the matter. The embattled German lender announced earlier this month that it was exiting the equities trading busines and shuttering 18,000 jobs as part of a major restructuring.
London-based Barclays has reportedly lured hedge fund clients with $20 billion worth of balances from Deutsche Bank, according to reports from Reuters and CNBC. Goldman Sachs and JPMorgan were also trying to convince Deutsche Bank's clients to jump ship, CNBC reported, citing sources with knowledge of the matter. The embattled German lender announced earlier this month that it was exiting the equities trading busines and shuttering 18,000 jobs as part of a major restructuring.
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