Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting
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At its annual meeting. Deutsche was prepared to make “tough cutbacks,” he told shareholders. The bank reported a profit.
Deutsche’s shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However, the multi-year decline is evident in a current share price of 7 euros, as opposed to 112 euros at their pre-crisis peak.
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Once again, management decided to apply only limited cuts to the divisions. Investors punished Deutsche Bank’s. and Commerzbank CEO Martin Zielke, according to people familiar with the talks. The.
Deutsche Bank faces pressure to trim its investment banking division following the collapse of merger talks with domestic rival Commerzbank.
Deutsche Bank CEO calls for ‘tough cutbacks’ at , CEO Christian Sewing said the bank will accelerate its transformation by "rigorously focusing our bank on profitable and growing businesses which are particularly relevant.
Deutsche Bank may have gone through a number of. bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However, the.
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Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line. The embattled German lender saw its share price hit a record low Thursday, down nearly 5% since the start of the year.
Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting – CNBC, by Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting CNBC Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the.
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