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Deutsche Bank plans to reduce its branch network and cut approximately 2,000 jobs in its retail banking sector by 2025, as announced by CEO Christian Sewing. This move is part of an ongoing cost-cutting initiative, with the bank having already accounted for the restructuring costs.
Deutsche Bank plans to cut nearly 2,000 jobs in its retail banking sector by 2025, alongside a significant reduction in branch numbers, as stated by CEO Christian Sewing. The bank, which closed 125 branches last year, has not disclosed the exact number of future closures but aims to meet ambitious financial targets. Restructuring costs for the job cuts have already been accounted for.
Deutsche Bank plans to cut nearly 2,000 jobs in its retail banking sector by 2025, alongside a significant reduction in branch numbers, as part of its strategy to meet ambitious financial targets. CEO Christian Sewing announced that the cuts will affect both Deutsche Bank and Postbank brands, following the closure of 125 branches last year. Further branch closures are anticipated, although specific numbers for 2025 have not been disclosed.
Deutsche Bank plans to significantly reduce its branch network and cut approximately 2,000 jobs in its retail banking division by 2025, according to CEO Christian Sewing. This move is part of the bank's ongoing strategy to lower costs, with restructuring expenses already accounted for.
Deutsche Bank plans to cut nearly 2,000 jobs in its retail banking sector in 2025, alongside a significant reduction in branch numbers, as part of its strategy to achieve ambitious financial targets. CEO Christian Sewing confirmed that the cuts will affect both Deutsche Bank and Postbank brands, with restructuring costs already accounted for.
Goldman Sachs has hired Eric Wu, a former JPMorgan VP, for its macro credit team in New York, reportedly on a $2 million package. This move highlights the competitive hiring landscape in the macro credit sector, as banks like Wells Fargo also recruit top talent to strengthen their teams against emerging competitors.
Deutsche Bank has appointed Andrew Hinrichsen as the new team leader for private markets in Germany, effective April. Hinrichsen, who previously spent over a decade at UBS developing private market funds, will be based in Frankfurt and report to Sebastian Elsner, head of global private markets. His experience includes launching evergreen private markets strategies for European investors.
Deutsche Bank reflects on six decades of market corrections while analyzing the anticipated sell-off in 2025. The report emphasizes the challenges investors face, likening the confusion in the stock market to the frustrations of navigating online platforms.
Deutsche Bank has initiated coverage on Ferrovial with a "buy" rating and a price target of €48, indicating a potential upside of about 20% from its last closing price of €40.36. Analysts highlight the company's strong pricing power in its toll road business, driven by factors like population growth and rising disposable income, which supports a forecasted net income CAGR exceeding 12% from 2025 to 2027. With six projects in the pipeline, the three-year outlook suggests an upside of over 40%, contingent on successful execution.
DWS Group and Deutsche Bank have established a strategic partnership to enhance private credit investment opportunities for DWS clients. This collaboration grants DWS preferred access to various private credit assets, including asset-based finance and direct lending, leveraging Deutsche Bank's extensive origination capabilities. Patrick Connors will lead DWS's private credit efforts, reporting to CEO Stefan Hoops, emphasizing the importance of origination in alternative asset management.
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