Inside an exodus at Deutsche Bank's vaunted credit-trading desk, where even rock stars are feeling a pay squeeze that shows nothing's off limits from the struggling bank's cutbacks

Business Insider

Published

· Deutsche Bank has experienced a rash of departures this year in its credit-trading group, one of the bank's top businesses.
· Exits have cleaved 25% of the headcount in the firm's vaunted US distressed-credit group, and exits have hit high-yield, investment-grade, and loan trading as well.
· Sources told Business Insider...

Full Article