Deutsche Bank's finance chief announced at an internal meeting last month that as many as 10,000 jobs may need to be cut - double the number previously planned.  Although no such decision has yet been taken, Marcus Schenck's remarks signal the bank is considering further significant cost cuts.

If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in 5 of the bank's workforce around the globe would be affected. Such cuts, if agreed, would likely take many years but setting such a goal could reassure investors.

The discussion about further job cuts comes as Deutsche's chief executive, John Cryan, reassesses a year-old strategy to revive the flagging group, as ebbing market confidence sends its stock price tumbling and prompts some customers to withdraw funds.  Management is also examining the countries where the bank was active to see "whether it was really worth its while (staying in those countries)".