The embattled bank will lay off 18,000 workers amid a “radical transformation.”
“optimistic,” “very deep,” “challenging,” “radical,” and “surprising,” despite the announcement’s significant foreshadowing.
Shares of the bank were down 6% Monday after losing gains made Friday as markets anticipated the restructuring announcement. Two workers exit Deutsche Bank's 60 Wall Street office clutching white envelopes reported to contain severance packages.Two women exit the Deutsche Bank Wall Street office with personal belongings and the white envelopes containing severance packages.In addition to its regulatory and business model woes, Deutsche Bank paid a $7.
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