Deutsche Bank boss says 'big number' of staff will lose jobs to automation

The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a "big number" of his staff will lose their jobs as robots take over. In remarks reported by German publication Handelsblatt at a conference in Frankfurt, Cryan added: "The sad truth for the banking industry is, we won't need as many people as today." Cryan told the conference that Germany and Frankfurt had to decide how much they wanted to benefit from Brexit. While new finance jobs will be created in Dublin, Amsterdam and Paris – all vying for business leaving London – none of these have the infrastructure to take on the business.