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Transcripts For DW Business 20240714

To announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank as well as it im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reaction

Transcripts For DW Business 20240714

Pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. By this dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank well im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reactio

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