Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting

The chief executive officers of Deutsche Bank AG and Credit Suisse Group AG are squeezed between investors pushing them to boost profitability and employees demoralized by job cuts, lower pay. Bank.

CEO of Deutsche Bank Christian Sewing speaks during the annual shareholders meeting in Frankfurt, Germany, Thursday, May 23, 2019. (ap photo/michael probst) frankfurt, Germany (AP) – The CEO of.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting Posted on January 22, 2019 May 27, 2019 by admin Deutsche Bank officials met with investors Thursday, as the bank’s tumbling share cost and developing build-up of embarrassments place the board solidly in the terminating line.

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Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However,

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In May, Chief Executive Officer Christian Sewing promised shareholders "tough cutbacks" at its underperforming investment bank. Shares in Deutsche, which have recently traded at record lows, were up 1.

Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However, the multi-year decline is evident in a share price at Friday’s close of 7 euros, as opposed to 112 euros at their pre-crisis peak.

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE. made directly responsible for reforms and cost cuts in a boardroom shake-up last week that saw co-ceo juergen fitschen lose some of his.

CEO of Deutsche Bank Christian Sewing speaks during the annual shareholders meeting in Frankfurt, Germany, Thursday, May 23, 2019. (AP Photo/Michael Probst) FRANKFURT, Germany (AP) – The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank’s profitability and raise a "disappointing" share price as negative headlines continue to plague Germany’s biggest bank.

Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However, the multi-year decline is evident in a share price at Friday’s close of 7 euros, as opposed to 112 euros at their pre-crisis peak.

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