'Managing directors at Deutsche Bank had fittings for £1,500 suits as the ailing firm made thousands of job cuts, it has been revealed.
Senior staff at the London HQ unaffected by widespread job losses were measured up by two tailors as staff downstairs were told to clear their desks.
Tearful workers were told to pack up their belongings just hours after the bank revealed that 18,000 people would be sacked across the world.
Sources estimate that 3,200 could lose their jobs at the London office, with an IT contractor claiming 100 people had been made redundant from a single floor.
Ian Fielding-Calcutt and Alex Riley, who work for Fielding & Nicholson Tailoring, were among those pictured leaving the office yesterday, holding several suit bags.
It was thought they were among the hundreds of employees seen leaving the office clutching personal belongings and redundancy envelopes, and their image was beamed around the world.
Many believed a tote bag emblazoned with the word 'Bitcoins' held by one of the men to be a satirical dig at the German firm by a sacked banker.
But it has now been revealed that the two men were in fact tailors from one of capital's most premier bespoke tailoring providers.
Mr Fielding-Calcutt, who owns the firm, told website Financial News who revealed the story: 'It's just a coincidence that we were snapped coming out of the building at the time others were being sacked.
'The assumption was we were one of the bankers being fired, but we were there to fit suits for senior members of staff.'
'Our timing was not great,' added Mr Fielding-Calcutt. 'I think a lot of the people getting laid off were traders of some sort, who don't wear suits, and so we just went ahead as normal with our clients who obviously weren't affected by the cuts.''
Read more: Deutsche Bank bosses were being fitted for £1,500 suits on the day staff were told to clear their desks as German firm axed 18,000 jobs worldwide
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