Deutsche Bank’s Overhaul May Leave Thousands in U.S. Without Jobs

Deutsche Bank rattled investors, and a lot of employees, when it announced that it would cut 18,000 workers—nearly a quarter of its global staff—in a massive restructuring. As the company announced late Sunday, it is ”radically transforming its business” in order to become “more profitable, improve shareholder returns and drive long-term growth.” That means it […]

Stock Buybacks Drop May Mean More Market Volatility

Companies aren’t opening their wallets as wide as they used to for stock buybacks. They reined in buybacks in the first quarter of 2019, according to a Fortune analysis of data from the S&P Dow Jones Indices. The amount put into repurchasing shares was $205.8 billion, a 7.7% drop from the $223.0 billion spent in […]