Up to 20000 jobs could be axed at Deutsche Bans as the company is set to announce plans for a global restructuring.
The majority of cuts are expected in the City of London and Wall Street.
The German banking giant has been beset with long-term problems, including the profitablity of some operations and a falling share price.
Language point:
up to:多达
axe：vt.砍掉 n.斧头
be set to:将要做（will, be expected to）
announce: vt. 宣布
restructuring: n. 重组
structure: 结构
destruction:摧毁
giant: 巨头，大公司
beset: 困扰
The city of London: 伦敦区，伦敦金融区（世界上很多投行在此）
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