The German lender began layoffs in New York, London and other locations a day after announcing a plan to cut costs and exit high-risk businesses. Source: NYT > Business – Jack Ewing
Deutsche Bank Begins Turnaround Drive by Firing Workers
The German lender began layoffs in New York, London and other locations a day after announcing a plan to cut costs and exit high-risk businesses. Source: NYT > Business – Jack Ewing
DealBook Briefing: How Deutsche Bank Plans to Save Itself
The troubled German lender unveiled its reorganization plan yesterday, which involves cutting thousands of jobs and reducing its global ambitions. Source: NYT > Business –
Deutsche Bank to Slash Its Investment Banks in Turnaround Bid
The once mighty German bank unveiled a sweeping overhaul on Sunday in what may be its last chance to arrest a decade of decline and scandal. Source: NYT > Business – Jack Ewing
Deutsche Bank Executive to Leave in Sign of Steep Cuts Ahead
The departure of Garth Ritchie, head of the investment bank, is likely a first step in a broad bid by the bank to reverse its decline. Source: NYT > Business – Jack Ewing
DealBook Briefing: Deutsche Bank’s Bloodletting May Soon Begin
The embattled German lender’s board is expected to vote as soon as Sunday on an extensive turnaround plan that could lead to 20,000 layoffs. Source: NYT > Business –