Deutsche Bank said last month it would slash 15,000 jobs and shed businesses employing some 20,000 staff. Around 4,000 cuts, net of new hires, are to be in its German home market.
According to Handelsblatt, the Private & Business Clients division is to see more than 3,200 jobs, or about a quarter of staff, go on a gross basis.
It cited financial sources as saying most of the workers who are to lose their jobs work in the bank's retail branches.