Danske Bank to cut 150 investment banking positions

LONDON Thu May 29, 2014 11:56am EDT

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LONDON May 29 (Reuters) - Denmark's biggest listed lender Danske Bank will cut 150 positions from the corporate and institutions division, a spokesperson for the bank said on Thursday.

The cuts are part of a pledge made by Chief Executive Thomas Borgen last year to make a billion crowns of cost savings, and come of top of thousands of job cuts announced in recent years.

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