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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grapier@businessinsider.com (Graham Rapier), Business Insider
Thu, 05/24/2018 - 5:37am
BING NEWS:
- Deutsche Bank Stock Sinks After It Warns of $1.4 Billion Hit From Postbank Takeover
Deutsche Bank shares dropped Monday after the German lender said it may have to pay up to 1.3 billion euros, or about $1.4 billion, to shareholders in a rival bank it bought more than a decade ago.
04/29/2024 - 11:05 am | View Link - Deutsche Bank quarterly profit jumps 10% as investment bank outperforms
Its shares, which were already up about 60% over the past year, were 7% higher mid-afternoon in Frankfurt after executives sounded optimistic about the bank's prospects. The group's figures marked ...
04/25/2024 - 2:03 am | View Link - More
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