Deutsche Bank to cut jobs in Japan equities unit

Tokyo: Deutsche Bank AG, Germany’s biggest bank, plans to eliminate about 45 jobs in its Japan equities unit, two people with knowledge of the matter said. The bank cut about 15 jobs in Tokyo on Tuesday, and plans to tell about 30 people in equity research, sales and trading today that they will be dismissed, said the people, who asked not to be identified as the matter is private. The reductions are part of a global programme announced on July 31, they said. A spokesman for Deutsche Bank declined to comment.