Analyst opinion by Maria Gregoriou to 8 July 2019

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08.07.2019

The German Bank will cut 18,000 jobs over a period of three years as part of a plan to reorganise the organisation. "Today we have announced the most fundamental transformation of Deutsche Bank in decades. This is a restart for Deutsche Bank... In refocusing the bank around our clients, we are returning to our roots and to what once made us one of the leading banks in the world, “chief executive Christian Sewing said. Speaking about how this plan will bring about growth, CFO James von Moltke said “we are reorienting the company towards its historical franchise strengths.

Maria Gregoriou

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