Complaints by bank
customers to Germany s financial regulator nearly doubled last
year, figures published on Monday showed, with many of them
directed at a single lender. The regulator,.
Braunstein, a former finance chief of JP Morgan Chase, invested in Deutsche in 2018, backing Chief Executive Christian Sewing's efforts to turn around Germany's biggest bank and making him one its largest shareholders. Braunstein declined to comment on the reason for the reduction. Deutsche Bank, whose shares have risen 35% since Braunstein's investment was announced, said in a statement it was aware of the move, "which we understand is an in-kind distribution to certain" limited partners.
Deutsche Bank Plans to Cut Jobs, Shrink Board usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some jobs in infrastructure and in its private banking business to save costs, a source close to the bank told. | April 20, 2023
BERLIN (Reuters) - Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some jobs in infrastructure and in its private.