Deutsche Bank has revealed that it is considering transferring more than 8,000 full time employees currently based in New York, London, Hong Kong and Singapore "to more cost-effective locations".

The German bank, which this morning reported a loss in its corporate banking and securities arm for the fourth quarter, revealed in an accompanying analyst presentation that there was "scope for transfer of 8,000+ [full-time employees] in New York, London, Hong Kong and Singapore to more cost-effective locations."