Deutsche Bank Announces New Cost Cutting Measures
Posted: Wed Jun 22, 2016 7:27 pm
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)