Deutsche Bank to Shrink Workforce by About 26,000 in Revamp

``The lender will cut about 9,000 jobs on a net basis, almost 10 percent of staff it expects to have at end of the year, and others will leave the company as businesses are sold, Deutsche Bank said on Thursday. The bank will close operations in 10 countries including Mexico, Norway and New Zealand, and move trading businesses from Brazil to global and regional hubs, and reduce the number of investment banking clients.''