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Deutsche Bank Steps Up Graduate Hiring

Steven Arons
Deutsche Bank Steps Up Graduate Hiring

Deutsche Bank increased the number of university graduates it hired this year as part of a group-wide cost cutting drive that’s also led a string of veteran executives to leave the firm. Germany’s largest bank hired 774 graduates from the class of 2018, a 20 percent increase on last year and the second-highest figure in at least half a decade, according to a presentation slide provided by a spokeswoman. The turn toward graduates comes as Deutsche Bank Chief Executive Officer Christian Sewing slashes costs by firing staff as he tries to cut the workforce by at least 7 percent by the end of next year.