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Deutsche Bank chief rebukes executives over suit-fitting on cuts day

Of course they did! A couple of senior Deutsche Bank managers called high-end tailors to their London office as thousands of traders lost jobs. The CEO then gave them a buzz. “I expect the two colleagues won’t forget my call,” said CEO Christian Sewing.

“Our timing was not great,” Fielding-Calcutt told Financial News this week. “I think a lot of the people getting laid off were traders of some sort, who don’t wear suits, and so we just went ahead as normal with our clients, who obviously weren’t affected by the cuts.” Fielding & Nicholson suits take up to eight weeks to make and prices start at £1,200.

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capital markets, banking