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
- Is Deutsche Bank Aktiengesellschaft (DB) the Best German Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
- Deutsche Bank Aktiengesellschaft (NYSE: DB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Deutsche Bank Decreases Prime Lending Rate to 7.75%Business Wire
- Deutsche Bank Aktiengesellschaft (NYSE: DB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of WeRide Inc.Business Wire
DB
Earnings
- 10/24/24 - Beat
DB
Sec Filings
- 11/20/24 - Form 424B2
- 11/19/24 - Form 424B2
- 11/18/24 - Form 424B3
- DB's page on the SEC website