FRANKFURT -(Dow Jones)- Germany's Deutsche Bank AG (DB) is considering cost-saving measures of as much as EUR1 billion to EUR2 billion if the economy falters and capital markets remain fragile in the coming months, Financial Times Deutschland reports Friday, citing people familiar with the matter.

The savings measures could result in job cuts, especially at its investment banking operations, the report says, where concerns about U.S. and euro-zone debt is keeping investors at bay.

There is no decision yet on the amount Deutsche Bank needs to save, but if capital markets don't improve it will be time to "re-think" in October or November, the report says.

A Deutsche Bank spokesman Friday declined to comment on potential savings goals to Dow Jones, but said the bank is targeting a higher market share.

Unlike some of its competitors, Deutsche Bank has thus far avoided layoffs. In recent weeks, HSBC said it aims to cut 30,000 jobs by 2013, while UBS AG (UBS) said in July it would cut 3,500 positions.

Newspaper website: http://www.ftd.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

Copyright © 2011 Dow Jones Newswires

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