October 14, 2016 BY Valentina Kirilova

Deutsche Bank to begin companywide hiring freeze, stock slumps

Deutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to a person familiar with the bank’s plans. John Cryan, is struggling to reverse a slide in shares that eroded almost half of the company’s market value this year, amid…

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