Frankfurt am Main — Deutsche Bank CEO Christian Sewing was forced to personally rebuke managers who ordered tailors to their London office as thousands of traders were let go on Monday, after details of the pricey suit-fitting were revealed in the media.

“I can’t understand that someone would call tailors to fit suits on Monday. On the same day, we had to tell many colleagues in share trading that they had to leave,” Sewing told German business daily Handelsblatt in its Friday edition.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now