The bank, which posted 46% decline in profit to EUR650m in its second quarter of 2012, employs 10,079 at the investment bank at the end of June and will eliminate most jobs outside Germany, claims Deutsche Bank.

Deutsche Bank is struggling to maintain its growth and EUR29bn of additional risk-weighted asset reductions and capital building measures.

The bank believes that its Core Tier 1 ratio including Phase in basis to be about 9% at the beginning of 2013.

Earlier, Deutsche Bank had warned that unemployment and debt levels will remain unstable, especially in Europe while the geopolitical uncertainties will continue to be a concern.