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Deutsche Bank is planning on cutting between 15,000 and 20,000 jobs, or more than one in five of its 91,500 employees

Deutsche Bank to axe jobs in €5 billion revamp

Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers, sources familiar with the matter have said.

Business • 04 Jul 19

Deutsche Bank's new CEO Christian Sewing

Deutsche Bank to cut staff in investment bank revamp

Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.

Business • 24 May 18

Goldman Sachs is the last of the big US banks to release first-quarter results

Goldman Sachs's Q1 income slumps by 56%

Goldman Sachs Group's quarterly profit fell by more than half and revenue slumped to its lowest in over four years as market volatility hit its bond trading and investment banking businesses.

Business • 19 Apr 16

Deutsche Bank is due to sell Postbank and will also trim its investment bank

Deutsche Bank plans €3.7 billion revamp

Deutsche Bank has said it will cut some €200 billion in investment bank assets and exit a tenth of the countries it operates in.

Business • 27 Apr 15

Tidjane Thiam, currently head of Prudential, is due to take over as Credit Suisse CEO soon

Credit Suisse Q1 profit up 23% on healthy trading

Credit Suisse's first-quarter net profit rose 23% after market volatility boosted securities trading and on gains at its private bank for wealthy clients.

Business • 21 Apr 15

RBS wants to shrink its investment banking operations dramatically

RBS boss says no number set for job losses yet

Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its CEO Ross McEwan said today.

Business • 04 Mar 15

Quarterly earnings at the US investment bank were $2.17 billion, down 7.1% from last year

Goldman Sachs earnings hit by weak trading

Goldman Sachs today reported a dip in quarterly profits as a weak performance in bond trading and some other segments offset lower expenses.

Business • 16 Jan 15

HSBC's chief promises to increase dividend payouts

HSBC CEO rules out big changes to investment bank

HSBC's chief executive Stuart Gulliver said today that Europe's biggest bank had no plans to follow rivals by dramatically reshaping its investment bank.

Business • 23 May 14

Barclays unveils details of its major strategic shake-up

Barclays to axe 19,000 jobs under revival plan

Britain's Barclays will axe 19,000 jobs in the next three years and set up a "bad bank" to house much of its investment banking business and European retail operations.

Business • 08 May 14

Ulster Bank employs just over 6,000 people in Ireland

RBS boss attempts to reassure Ulster Bank staff

The chief executive of the company that owns Ulster Bank has said there will be "no big announcement" on job cuts when the company publishes its strategic review next week.

Business • 21 Feb 14

Barclays posts 32% drop in underlying annual profits for 2013

Barclays' bonus pool increases by 10% in 2013

Barclays has said its total bonus pool for 2013 rose to £2.38 billion sterling from £2.17 billion for 2012

Business • 11 Feb 14

Royal Bank of Scotland said to be in talks with BNP Paribas for sale of unit

RBS in talks to sell equity derivatives unit

Royal Bank of Scotland has said it was in talks to sell its retail investor products and equity derivatives business, as it slims down its investment bank.

Business • 18 Nov 13

Barclays' profits fall 26% on investment bank dip

Barclays' profits fell 26% in the latest quarter from a year ago after earnings at its investment bank more than halved due to a slowdown in capital markets.

Business • 30 Oct 13

Morgan Stanley's quarterly earnings down 12%

Morgan Stanley reports 'solid' quarterly results

Quarterly revenues from Morgan Stanley's investment bank unit slipped in the first quarter of the year, while revenue from its wealth management division rose.

Business • 18 Apr 13

Barclays' pre-tax profits plunge to £246m sterling last year from £5.9 billion

Barclays to cut 3,700 jobs as profits plunge

Scandal-hit banking giant Barclays has said it was axing at least 3,700 jobs under a strategic overhaul, but revealed it was paying £1.85 billion sterling in bonuses to staff.

Business • 12 Feb 13

Morgan Stanley's fourth quarter revenues jump 37%

Morgan Stanley swings back into profit

US investment bank Morgan Stanley has said that it swung to a profit in the fourth quarter.

Business • 18 Jan 13

Investment Bank