2019-07-09 — reuters.com
Deutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.
Analysts and investors say Sewing, who joined Deutsche Bank in 1989, is right to cut back its trading desks but question if he can make his plan work when interest rates are still low and U.S. banks have expanded their share of the German market.
...The bank began cutting jobs in its trading business on Monday, with staff laid off in offices stretching from Sydney to New York.
Comments: Be the first to add a comment