Fears Mount For Forex Staff Post Deutsche/Dresdner Merge
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FRANKFURT--The merger of Deutsche Bank and Dresdner Bank could result in a massive job-letting across the two banks’ foreign exchange operations in London and Frankfurt.
However, analysts say the brunt of the job losses is likely to be borne by Dresdner Kleinwort Benson (DrKB), Dresdner’s investment arm.
One Financial Times report even suggested that Deutsche Bank might close DrKB completely once it has control, with the loss of 6,000 jobs of investment bankers and related administrative staff.
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