Deutsche Bank Announces New Cost Cutting Measures

[kreslik.news]

Deutsche Bank has today confirmed that it has agreed a deal with its works council to close down a quarter of its German branches in an attempt to cut costs and revamp its retail banking efforts.

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The latest news comes just a few months after the bank announced cost-cutting measures that would involve a reduction of its global workforceby around 35,000 workersover the next few years,as reported by Finance Magnates in May.

Chief Executive Officer John ... (read more)