Deutsche Bank, the largest German bank, plans to cut its staff from current 97,000 to 90,000 and more, reports Finmarket, referring to DPA.

According to the source, the annual meeting, which will take place today in Frankfurt, also anticipates new elections of the bank's board of directors.

Deutsche Bank's profit in the first quarter of 2018 has dropped by almost 5 times to € 120 million as compared to last year.

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