Deutsche Bank’s Cost Cutting Hits Bloomberg
DATA CONSUMERS
Deutsche Bank last week confirmed reports that it is cutting back on the number of Bloomberg terminals in its global equities unit, although a spokesperson stresses it is only in the off-trading floor area.
A memo from the chief operating officer of the unit, Mark Cullen, was sent to global equities staff two weeks ago stating that Bloomberg terminals would be removed from the off-trading floor area as part of the bank’s drive to reduce its market data spend.
"Most off-trading floor staff were
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