Deutsche Bank AG said on Thursday it will cut about 9,000 jobs and end operations in 10 countries, according to media reports. The bank also said it will cut its number of investment clients and markets business by 50%. The job cuts come after the bank, Germany’s largest lender, earlier on Thursday posted a 6 billion euro ($6.6 billion) loss for the third quarter, which was in line with its recent profit warning. During the quarter, the bank wrote down the value of key investment-banking and other assets amid a deep restructuring, citing tougher regulatory requirements. Shares of Deutsche Bank erased earlier gains and dropped 0.8%.
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