Deutsche Bank

Bill Bortzfield / WJCT News

Deutsche Bank has announced a major shakeup that it calls a “radical transformation.”

The Frankfurt, Germany-based bank announced Sunday it will eliminate 18,000 full-time employees by 2022, reducing the bank’s global workforce to about 74,000.

Deutsche Bank Plans More Job Cuts That Could Affect Its Jacksonville Offices

May 30, 2019
Jacksonville Daily Record

Deutsche Bank’s CEO last week said more job cuts are coming at the struggling Germany-based bank and based on his comments at the company’s annual meeting.

Report: Deutsche Bank To Move About 60 Jacksonville Jobs To India

Jan 14, 2019
Jacksonville Daily Record

Deutsche Bank AG, which announced plans last year to reduce U.S. operations to cut costs, is moving about 60 accounting jobs from Jacksonville to Mumbai, India, according to a Bloomberg News report Friday.

Enterprise Florida

A national advocacy group Thursday filed suit in federal district court in Chicago, Illinois, alleging race-based housing discrimination against Deutsche Bank and two other companies.

The German-based bank has its second largest U.S. office in Jacksonville.

EverBank building
John Burr

Jacksonville-based EverBank, the largest bank based in Florida, is being sold to a company called TIAA.

In this week’s Business Brief, WJCT Business Analyst John Burr tells News Director Jessica Palombo the positives of the sale for Jacksonville should outweigh the negatives.

Kevin Meerschaert

The city of Jacksonville on Tuesday recognized over 140 local businesses that are participating in the Jobs for Vets program. The program uses a city web site to link area veterans with local businesses. It was launched last April and officials say it has been a success.