The net reduction compared to last year’s headcount is anticipated to be completed over the next three years and half of it will take place through attrition, the Dutch lender said in a statement
Bullion was still not far off Wednesday's near three-year low, with its safe-haven appeal severely dented since Fed Chairman Ben Bernanke laid out a strategy last week to wind down the central bank's USD 85 billion monthly bond purchases over the next few months.
The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts are part of a reorganisation of its commercial and merchant banking division and will mostly be through natural attrition and reallocation.