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

James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018. Andreas Arnold | Bloomberg | Getty ImagesDeutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (CFO) told CNBC Sunday that…

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Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting CNBC deutsche bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting. elliot smith. cnbc. 23 May 2019. Reblog. Share. Tweet. Share. View photos. A signs stands above the entrance to a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, July 4, 2016.. CEO Christian Sewing.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting Harvey Weinstein reportedly has a tentative $44 million deal to settle sexual misconduct lawsuits SpaceX launches dozens of ‘Starlink’ internet satellites into space – its heaviest payload ever

The bank’s shares are currently trading at 6.42 Euros apiece, and the current price reflects a massive 38% drop in price from the levels it had during the previous shareholder meeting back in 2018. It is not yet known when the bank will embark on these cutbacks, but it is believed it could start soon considering the fact that the stock price is nose diving.

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.

Staff got an email at 1am telling them to attend a meeting at 8am. next to suffer job cuts – but retail workers will be.

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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