Either way, other banks followed suit, and soon the “third-year analyst” became a somewhat uncommon job title. It's also become one you probably don't want on your resume.
The company’s April 26 announcement that it will probably shrink global equities trading, and in America scale back rates and corporate financing businesses, should’ve provided staff some clarity.
Germany's flagship lender was expected to cut about 1,000 jobs, or 10 percent of its staff in the United States
The bank’s shares fell 2.5 percent in London by 0750 GMT, in a sign of immediate investor scepticism that the bank’s new investments will pay off after years spent focusing on cutting unprofitable parts of the business.