On the same day as Deutsche announced a hefty quarterly loss of €3.1 billion, former employee Sajid Javid was promoted to Chancellor of the Exchequer in the UK
The lesson for the 18,000 Deutsche staff who are expected to lose their jobs in the current restructuring may be that some creative rewriting of their employment history is in order.
Erstwhile colleagues of Javid have noted before how he repositioned himself as a conventional investment banker, rather than highlighting his main role at Deutsche as a credit derivatives structurer with a senior role in a group that developed a reputation for controversial deal-making.
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