Deutsche Bank to Cut Senior Roles in Private Bank Reorganization bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
FRANKFURT (Reuters) - Deutsche Bank has reorgnised the setup of its vast retail operations under the division s new board member, according to an internal memo seen by Reuters.
Deutsche Bank revamps setup of retail bank under new board member - internal memo kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Deutsche Bank's reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany's largest bank is drawing up plans to cut 10% of its 17,000 domestic retail jobs over the next few years as part of cost saving measures, Reuters and other media have reported. "One can only shake one's head at Deutsche Bank, once again," Stephan Szukalski, chairman of the DBV bank union, said as Claudio de Sanctis prepares to take over as head of the German retail business on July 1.