Investors sent shares in Deutsche Bank AG sharply lower Monday as they cast a skeptical eye on the German lender’s plan to radically restructure its business.
In early afternoon trade the bank’s shares were down 4.8% at €6.83. The bank’s shares earlier had risen more than 4% after Deutsche Bank released an outline of its plan on Sunday to cut 18,000 jobs, significantly shrink its investment bank and reduce costs by one-quarter.
London Mayor Khan caused a lot of London layoffs today. They kind of deserve that.
And for massive fines of Russian Laundered Money- of which Trump was the recipient!
Well keep giving money away to Trump and that is bound to happen
Transitioning away from money laundering can be expensive!
They should have made trump and kushner pay them back
Show us the donny paper trail of Borrowed money. U have the numbers Deutsche Bank!!!
Does restructuring mean they aren’t laundering money anymore?
Soon the EU experiment will come crashing down and GERMANY does not and will not be the last person holding the bag of the expense and burden. They will be leaving the EU very soon.
that could buy a lot of pi
Awwww too bad for Douche Bank.
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Factbox: Deutsche Bank takes an axe to investment bankDeutsche Bank said on Sunday that it would make major cutbacks to its investment... :D böyle bişey oluyor işte zihinde o bana ben ona pazıl gibi bişey falan🖕😛🖕 True statement everything Trump touches DIES. More investigations to come with Trump, Retired Justice Kennedy’s son, Jared Kushner & Russia Money Laundering.
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Deutsche Bank axes teams in Asia-Pacific as 18,000 global job cuts beginThe German lender announces the job losses as part of a restructuring plan that will ultimately cost $8.31 billion (7.4 billion euros) and see it undo years of work aimed at making its investment bank a major force on Wall Street.
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Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulThe bank aims to reduce costs by 6 billion euros. CEO Christian Sewing had broadcast 'tough cutbacks' during a shareholders' meeting in May. Bye S&P, Bye $SPY, Market is done for now. Congrats who is already set up to profit going down. Hodl XRP we want regulation
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Deutsche Bank to Exit Global Equities, Trading BusinessDeutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decline. A good place to start would be to call all loans to Trumps and Kushners due and stop letting them continue to default without penalty. As soon as I saw DB the Benny Hill theme began playing in my head
Source: WSJ - 🏆 98. / 63 Read more »