Business Insider reports that Germany's biggest bank, Deutsche Bank, has begun a harsh program of cuts.<br />The cuts will see around 20% of all staff laid off.<br />Outside its London headquarters on Monday the atmosphere was tense, with staff under instructions not to talk to media.<br />The transformation is set to include the cutting of 18,000 jobs, and cost $8.3 billion. <br />Shares rose as much as 4% on the news. <br />
