Deutsche Bank launches makeover, plans 18,000 job cuts [Seeking Alpha]
Deutsche Bank AG (DB)
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Source: Seeking Alpha
Deutsche Bank launches makeover, plans 18,000 job cuts - Deutsche Bank Aktiengesellschaft (NYSE:DB) | Seeking Alpha Financials | Top Deutsche Bank launches makeover, plans 18,000 job cuts Jul. 7, 2019 4:16 PM ET Deutsche Bank Aktiengesell... (DB) Jason Aycock Deutsche Bank (NYSE: confirming a radical transformation The moves will cost €7.4B, and the bank is aiming to cut total costs by 25% by 2022. Along with exiting global equities, it will scale back its investment bank and cut fixed income operations. And it will use a "bad bank" to wind down assets that will have a value of €4B in risk-weighted assets. The plan was anticipated to come soon after the bank's investment-banking chief announced an exit on Friday expecting costs of up to €5B Click to subscribe to real-time analytics on DB Now read: Europe faces U.S. pressure on Iran workaround » Subscribe
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News
- Deutsche Bank Decreases Prime Lending Rate to 7.50%Business Wire
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DB
Earnings
- 10/24/24 - Beat
DB
Sec Filings
- 12/20/24 - Form 424B2
- 12/16/24 - Form 424B2
- 12/16/24 - Form 424B2
- DB's page on the SEC website