DEUTSCHE BANK DOES NOT RULE OUT CUTBACKS – The Chief Financial Officer of Deutsche Bank has said that he is not going to rule out more cutbacks at the lender’s investment banking division if their performance fails to improve. In February, Deutsche Bank said that it was going to cut between 250 to 500 investment banking and trading jobs in New York and London. @Mr. Von Moltke told analysts on Wednesday that the bank will take “actions to prune the business” throughout 2018 in order to ensure the bank’s costs are far more sustainable. The Chief Executive @John Cryan revealed that the bank will not meet their original costs for 2018 of €22bln. Mr. Cryan is now targeting a cost level of €23bln for 2018. #SpartanInternational