FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank's annual news conference in Frankfurt, Germany, February 1, 2019. REUTERS/Kai Pfaffenbach/File Photo
Sewing’s stance ahead of Thursday’s meeting of the supervisory board of Germany’s largest bank sets the stage for a showdown with unions fearing massive job cuts. Deutsche’s CEO also believes that a combined entity would improve the cost of funding, with “the best funding ever”, the person said. Jobs would be cut with or without a merger, the person said.The position marks a shift in Sewing’s position. In past months, he has urged patience, preferring to focus on internal restructuring before taking on a big project, according to other people with knowledge of his thinking.
Just one target :,, to big to fail' 🤑 DeutscheBank Commerzbank Börse Wirtschaft Finanzen
Gee, I wonder why
How about a strong case for shutting it down?
Hahaha running for the hills
I want to see DeutscheBank merge with prison
This is something the UK should consider blocking if it is to remain in the EU; it is not clear that the merger resolves the fundamental issues, and may instead create an even bigger problem for Germany, the ECB, and the EU NYSE FTSE Eurozoen banks TARGET2 debt Brexit
How about we wait and see if they did anything illegal with Trump first. I'm sure Germany would agree.
DesperateMeasures
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