Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a sweeping restructuring.
Germany’s struggling Deutsche Bank says it will cut 18,000 jobs by 2022 in a sweeping restructuring aimed at restoring consistent profitability and improving returns to its shareholders.
It says it will also bundle 74 billion euros of assets into a separate unit for disposal, freeing capital reserves to pay for the restructuring. Deutsche Bank has struggled with regulatory penalties and fines, weak profits, high costs and a falling share price.Germany’s biggest bank, Deutsche Bank, has announced a restructuring plan that will see it shed its equities sales and trading business as it tries to improve profitability and raise its share price.Deutsche Bank said it expects to take charges totaling some 3 billion euros for the second quarter and forecast a net loss for the quarter of 2.8 billion euros.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulThe bank aims to reduce costs by 6 billion euros. CEO Christian Sewing had broadcast 'tough cutbacks' during a shareholders' meeting in May.
Leer más »
Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank.The CEO of Germany's biggest bank is expected to announce a massive overhaul on Sunday. It's been a rough few years for the beleaguered lender.
Leer más »
Turkey’s Erdogan reportedly fired his central bank chief for refusing to slash interest ratesThe comments were expected to add to concerns about monetary policy independence in the embattled economy.
Leer más »
Turkey fires central bank chief as policy differences deepen amid economic malaiseTurkey on Saturday fired its central bank governor as policy differences between...
Leer más »