Lehman Brothers was once the fourth largest investment bank in the United States. As well as triggering further financial turmoil, its collapse in 2008 cost tens of thousands of jobs. DW met one former employee to see how he’s been doing since.
Public outrage at departing financial executives receiving millions is often palpable. Yet grappling with the issue is harder than it looks in an industry that serves itself above all others.
Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a major restructuring of the embattled bank. For years, Germany's biggest lender has suffered from weak performance and legal woes.
Surveys have shown that more and more German companies are reintroducing short-time work to cushion the impact of a creeping economic slowdown. That policy tool had worked miracles during the global financial crisis.
The jobless rate in the eurozone has ticked down, despite concerns over global trade disputes. A 7.5% rate was last seen before the 2008 financial crisis.
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