Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting

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Deutsche Bank on Thursday announced plans to overhaul parts of its investment banking business and slash costs. It said the measures are expected to It’s the latest effort by Deutsche Bank to turn around its business after years of losses. Last month, it ousted CEO John Cryan, replacing him with.

FRANKFURT (Reuters) – Deutsche Bank’s chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is Deutsche Bank’s shares have lost 40% since last year’s shareholder meeting. Deutsche Bank has been plagued by failed regulatory tests, ratings.

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Deutsche Bank (DB – Get Report) shares hit a fresh record low Thursday as CEO Christian Sewing vowed t make "tough cutbacks" at the struggling lender during a speech to investors at the bank’s annual general meeting in Frankfurt. Germany’s biggest bank has been beset by myriad headline.

Deutsche Bank’s chief executive officer john cryan has met with the chief of its major shareholder China’s HNA, The wall street journal reported on Tuesday.The Journal, citing people familiar with the matter.

The chief executive of Germany’s biggest but flailing bank, Christian Sewing, sought to reassure investors at Deutsche Bank’s annual general meeting (AGM) that management was "prepared for tough cutbacks" and that he would "speed up the transformation" by focusing on "profitable and.

The bank aims to reduce. due on July 25. Deutsche 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.

The deutsche bank ceo wants to "rigorously" focus Germany’s largest bank on "profitable and growing businesses which are particularly relevant Deutsche bank chairman achleitner stressed that Sewing, who had become CEO of Deutsche Bank one year ago, would have been the right choice.

Deutsche Bank’s chief executive Christian Sewing is preparing a radical overhaul of its ailing corporate and investment bank, telling shareholders that the German lender is prepared "to make tough cutbacks". Mr Sewing, in charge during a 13-month slide of 40 per cent in the share price of.