Deutsche Bank alerts managers to hiring freeze: source
A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo
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FRANKFURT (Reuters) - Deutsche Bank
Germany's flagship lender on Wednesday sent a memo to managers on the hiring freeze, which excludes the compliance department, the source said.
A Deutsche Bank spokesman declined to comment on the memo but referred to an earlier statement explaining that the bank is working on an ongoing headcount reduction plan.
(Reporting by Kathrin Jones; writing by Edward Taylor; Editing by Arno Schuetze)
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