BANKING

Deutsche Bank to Trim Work Force: The biggest German commercial bank plans to cut more than 10,000 jobs in a sweeping restructuring intended to reverse a slide in profit, news reports said. According to Der Spiegel magazine, Chairman Hilmar Kopper plans to cut 20% of the bank’s 54,400-member work force in Germany. The bank also has 19,000 employees in other countries. Bank officials could not be reached for comment on Sunday. Deutsche Bank’s operating profit, a key indicator of its financial performance, fell 8% in the first half of this year to $1.75 billion. It blamed lower interest income and high administrative expenses.