· Deutsche Bank AG’s Chief Executive Christian Sewing said he’s prepared to make "tough cutbacks" at the troubled lender’s investment bank, his strongest public admission yet that the business needs.
Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line. The embattled German lender saw.
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· Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for “tough cutbacks” at a contentious shareholder meeting. However, the multi-year decline is evident in a current share price of 7 euros, as opposed to 112 euros at their pre-crisis peak.
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Deutsche Bank. Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting. CNBC – Elliot Smith. Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in.
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The rest of corporate America is minting money thanks to the stronger economy and huge tax cuts. Bullish investor sentiment climbed last. bad that it could make a share sale "unavoidable," Deutsche.
FRANKFURT, Germany (AP) – The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank’s profitability and raise a "disappointing" share price as negative.
“We’re prepared to make tough cutbacks,” said CEO Christian Sewing earlier this year. Up to 20,000 jobs could be axed at Deutsche Bank 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.
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Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for “tough cutbacks” at a contentious shareholder meeting. However, the multi-year decline is evident in a share price at Friday’s close of 7 euros, as opposed to 112 euros at their pre-crisis peak.
Deutsche Bank chief executive Christian Sewing is preparing a radical overhaul of the ailing corporate and. Business Deutsche Bank executives brace for its most contentious shareholder meeting to date