<br /> Deutsche Bank plans to cut 18,000 jobs in a sweeping, $8.3 billion overhaul.<br />According to Reuters, the purge is designed to turn around Germany’s struggling flagship lender.<br />The bank will also jettison its global equities business and scale back its investment bank.<br />The bank expects a $3.1 billion net loss in the second quarter as a result of restructuring charges.<br />The pledge came after Deutsche failed to agree a merger with rival Commerzbank. <br />
