Deutsche Bank to Cut 1,900 Jobs

http://online.wsj.com/article/SB10000872396390444405804577560250481355494.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Deutsche Bank AG, seeking to dispel concerns that it is undercapitalized following a dismal second quarter, raised its core capital target and announced a wave of layoffs and other cost-cutting measures at its flagging investment-banking arm.

With a balance sheet of €2.2 trillion ($2.70 trillion), Deutsche Bank is one of Europe's largest banks and, critics say, one of the region's least well-capitalized.