Deutsche Bank to cut 18,000 jobs amid historic overhaul

On the 07.08.19 at 8:21AM


Adrien Paredes-Vanheule

The German banking giant has announced a three-year plan aimed at reducing adjusted costs to €17bn in 2022 and targeting a cost income ratio of 70% in that same year.
Christian Sewing, CEO, Deutsche Bank

Deutsche Bank presented on 7 July its largest ever restructuring plan in a bid to regain shareholder confidence and put an end to a string of bad news, the latest of which was a failed merger with German peer Commerzbank.

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