Deutsche Bank’s CEO Welcomes Deeper Job Cuts up to 30%, Addresses Mergers

[kreslik.news]

2016 has not been the year of the lender, with traditional banking giants such as Deutsche Bank, Standard Chartered, and others facing dwindling revenues, profits, and a tsunami of restlessness from shareholders anxiously awaiting a reversal to the trend. Balance sheet gurus, shareholders, and employees may have to wait a little longer however, following the recent sentiment by Deutsche Bank’s CEO John Cryan Wednesday.

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According to a CNBC report, Cryan reiterated his stance on more cuts, which echoes a previous statement back in July ... (read more)