International German investment bank Deutsche Bank (DB) - Get Deutsche Bank AG Report is considering slashing between 15,000 and 20,000 jobs, or about one-sixth of its full-time positions, according to report in The Wall Street Journal.

The bank would probably roll out the layoffs over a period exceeding a year, sources told the Journal, and would be spread across different regions and businesses. 

The company's U.S. equities businesses has been reported to be a target of trimming, according to a Reuters report last week. Members of the bank's supervisory board discussed those plans on a call earlier this month and agreed that large-scale cuts were necessary in the bank's U.S. equities and rates trading businesses. 

Meanwhile, the lender's U.S. operations passed Federal Reserve stress tests that will allow it to boost investor payouts and return some profits to its home base.

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Clearing the Fed's Comprehensive Capital Analysis and Review, an annual test of a bank's ability to weather a sharp economic downturn, could be a major step in CEO Christian Sewing's sputtering turnaround plans, which have stalled in part because of concerns for the health of its U.S. operations. The Fed's passing grade for Deutsche Bank also marks a stark contrast to last year's assessment, which cited "widespread and critical deficiencies" in the lender's capital plans.

Deutsche Bank shares, which were rising 2.39% to $7.72, hit an all-time low of $6.73 earlier this month and the stock is down more than 25% over the past 12 months.