Overhaul of Deutsche Bank to cost up to €5bn and 20,000 jobs
03 July 2019 - 17:19
Frankfurt — Deutsche Bank expects the cost of a major overhaul in the works to be up to €5bn, one person familiar with the matter said on Wednesday.
CEO Christian Sewing flagged an extensive restructuring in May. He promised shareholders “tough cutbacks” to the investment bank to turn the lender around after it failed to agree a merger with rival Commerzbank...
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