Postbank has been negotiating more money for thousands of employees since Tuesday. The trade union Verdi is demanding 15.5 percent more money for around 12,000 employees in the Deutsche Bank Group.
In the conflict over the restructuring of its Private Clients Bank and the elimination of Postbank branches, Deutsche Bank intends to refrain from compulsory redundancies until the end of September..
High costs for the group s restructuring and legal disputes have caused Deutsche Bank s profits to fall in the second quarter. The bottom line was a net profit of 763 million euros for shareholders,.
Credit Suisse s former head of European operations has been promoted to top management at Deutsche Bank. In five years, he has reached the pinnacle at Germany s largest bank.