Comment on Deutsche Bank sinks after announcing 7,000 job cuts ahead of its contentious annual meeting (DB)

grapier@businessinsider.com (Graham Rapier), Business Insider
Thu, 05/24/2018 - 5:37am

Deutsche Bank sinks after announcing 7,000 job cuts ahead of its contentious annual meeting (DB)

Deutsche Bank will trim its global staff from 97,000 to 90,000, the bank said Thursday. Shares are set to open lower by 4%, making for the second day of losses. Follow DB stock price in real-time here. Deutsche Bank fell as much as 5% in early trading Thursday after the firm said it would cut its global headcount by 7,000. CEO Christian Sewing, who took over Germany’s largest lender in April, told staff "we must concentrate on what we truly do well."See the rest of the story at Business InsiderNOW WATCH: What will probably happen with the North and South Korean peace treatySee Also:We compared Meghan Markle's and Kate Middleton's fashion choices — and the winner is clearThe 30-year-old millennial who is getting evicted by his parents explains why he's too busy for a careerThe Steve Jobs guide to manipulating people and getting what you wantSEE ALSO: Deutsche Bank is axing 7,000 investment banking jobs

 

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