Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting
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Frankfurt – Deutsche Bank’s CEO is prepared to make "tough cutbacks" in its investment banking business, whose future is Deutsche Bank’s shares have lost 40% since the last year’s shareholder meeting. The bank has been plagued by failed regulatory tests, ratings downgrades, big fines and.
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Deutsche Bank’s chief executive Christian Sewing is preparing a radical overhaul of its ailing corporate and investment bank, telling shareholders that the German lender is prepared "to make tough cutbacks". Mr Sewing, in charge during a.
Deutsche Bank DBK-DE executives met with shareholders Thursday, as the bank’s tumbling share price and growing "We’re prepared to make tough cutbacks," he said, without elaborating on where the cuts would occur. The UBS downgrade note highlighted that Deutsche’s IB would have been a.
Deutsche Bank CEO Christian Sewing has announced the bank will need to implement radical changes to make operations more profitable and cut losses, Financial Times writes. Sewing said it might need "to make tough cutbacks" to achieve it, although he didn’t specify which operations would.
Deutsche Bank’s chief executive on Thursday said that he was ready to make "tough cutbacks" to the lender’s investment bank. CEO Christian Sewing delivers a speech during the of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany.
Big bonuses are back at Deutsche Bank. Profit, meanwhile, remains elusive. Germany’s biggest bank said Friday in its annual report that it paid "I recognize that this decision was highly contentious for many given the reported net loss in 2017," CEO John Cryan wrote in a letter to shareholders.
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FRANKFURT-Deutsche Bank AG Chief Executive Christian Sewing said he is prepared to make "tough cutbacks" at the troubled lender’s investment bank, his strongest public admission yet that the business needs a dramatic overhaul. But he asked investors attending the bank’s annual meeting on.
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Deutsche Bank fell as much as 5% in early trading Thursday after the firm said it would cut its CEO Christian Sewing, who took over Germany’s largest lender in April, told staff "we must The first investors to speak at the meeting proposed that Achleitner be removed from chairing the meeting.