Reuters/Kai Pfaffenbach Deutsche Bank is planning to create a separate "corporate bank" unit that will seek to streamline services currently spread throughout the bank. The measure is one element of a sweeping, multi-billion dollar overhaul that Deutsche is planning to unveil in the coming days. Deutsche Bank is planning to create a separate "corporate bank" […]
Deutsche Bank’s restructuring plan is going to cost up to $5.6 billion
Ralph Orlowski/REUTERS CEO Christian Sewing flagged an extensive restructuring in May, promising "tough cutbacks" to the investment bank. Germany’s largest lender is planning on cutting between 15,000 and 20,000 jobs. That’s more than one in five of its 91,500 employees. Deutsche Bank expects the cost of a major overhaul in the works to be up […]