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Deutsche Bank Implements Cost-Cutting Measures and Board Restructuring

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Source: Reuters
Deutsche Bank Implements Cost-Cutting Measures and Board Restructuring
Photo: Reuters
TL;DR

Deutsche Bank plans to reduce its executive board to nine members from 10 and cut some jobs in infrastructure and private banking business to save costs. The cost-cutting measures would not affect plans to replace deputy chief executive Karl von Rohr. Deutsche Chief Executive Christian Sewing said in February that he could not rule out job cuts.

Topics:business#business#cost-cutting#deutsche-bank#executive-board#job-cuts#private-banking
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  1. Deutsche Bank plans to cut jobs, shrink board  Reuters
  2. Deutsche Bank Mulls Shrinking Executive Board in Cost Drive  Bloomberg
  3. Deutsche Bank Exec, DWS Chairman Karl von Rohr to Leave  The Wall Street Journal
  4. Deutsche Bank to decide on successor of deputy chief executive in April - Handelsblatt  Reuters
  5. Deutsche Bank's Karl Von Rohr Won't Renew Contract as Member of Management Board  MarketWatch
  6. View Full Coverage on Google News

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