{
}
Deutsche Bank plans to cut 2,000 jobs this year as part of its strategy to improve productivity, focusing on reducing its branch network in Germany and at Deutsche Postbank. This follows the closure of 125 branches last year and a workforce reduction of 3,500. The bank aims to enhance profitability in its retail banking sector, with hopes of increasing its return on equity to over 10% this year.
The Swiss National Bank (SNB) has cut its guide rate from 0.50% to 0.25%, marking a potential end to its rate cut cycle amid rising economic uncertainties. Analysts express mixed views, with some anticipating further cuts if inflation trends worsen, while others believe the SNB may pause further reductions, citing stabilized domestic demand and limited monetary policy tools. The decision reflects a cautious approach to navigating geopolitical and trade risks impacting the Swiss economy.
Deutsche Bank plans to cut nearly 2,000 jobs and significantly reduce its branch network in 2025 as part of ongoing cost-cutting measures aimed at enhancing efficiency and shifting towards digital banking. The bank has already closed 125 branches and laid off around 1,300 employees in 2024, with a target to lower its cost-to-income ratio to below 65% by the end of 2025. Despite these challenges, Deutsche Bank's shares have risen 46.6% over the past six months, outperforming the industry.
Deutsche Bank plans to cut nearly 2,000 jobs and significantly reduce its branch network in 2025 as part of ongoing cost-cutting measures aimed at enhancing efficiency and transitioning to digital banking. The bank has already closed 125 branches and laid off 1,300 employees in 2024, with a target to lower its cost-to-income ratio to below 65% by the end of 2025. Despite these reductions, Deutsche Bank's shares have risen 46.6% over the past six months, outperforming the industry.
Asian equities declined as investors reacted to fluctuating economic signals, with the Nikkei 225 down 0.25%, the Shanghai Composite falling 0.38%, and the Hang Seng index dropping 1.62%. Deutsche Bank announced 2,000 job cuts to streamline operations, while the Federal Reserve maintained interest rates to support growth amid inflation concerns. Oil prices showed slight recovery due to rising supply risks from Middle Eastern conflicts, and the Euro dipped against the US Dollar.
Julien Scemama has joined SocGen in Paris as the head of its equity private placements team in EMEA, moving from BNP Paribas in London. With private placements gaining traction as a preferred fundraising method for corporates, banks are bolstering their teams in this area, reflecting a growing trend in private capital.
Deutsche Bank has co-led a $10 million Series A funding round for Norwegian compliance automation provider Kosli, aimed at enhancing governance, risk, and compliance workflows in software development. Kosli's platform automates SDLC controls and audit trails, enabling financial institutions to deliver compliant software changes rapidly. The launch of Kosli Enterprise introduces new features tailored for financial services, addressing the challenges faced by teams in regulated industries.
Deutsche Bank has reduced its price target for HealthEquity, Inc. to $98 from $108 while maintaining a Buy rating. HealthEquity provides technology-enabled services that assist consumers in managing healthcare savings and spending through tax-advantaged health savings accounts and other benefits. The company offers various cloud-based platforms for users to make informed health decisions, pay bills, and manage investments.
Deutsche Bank plans to cut nearly 2,000 retail banking jobs in 2025 and significantly downsize its branch network as part of its strategy to meet ambitious financial targets. CEO Christian Sewing confirmed that the restructuring costs have been accounted for, following a notable decline in profits. The cuts will impact both Deutsche Bank and Postbank brands, with further branch closures anticipated after 125 were shut last year.
BNP Paribas plans to close a third of its branches in France by 2030, affecting up to 500 locations, due to increased digitization and declining foot traffic. The bank aims to invest in technology and staff training as part of a strategic plan to enhance customer service. CEO Jean-Laurent Bonnafé emphasized that this initiative is a re-evaluation of banking methods rather than a restructuring effort.
Deutsche Bank RV Global PP
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
deutsche bank to cut 2000 jobs amid branch closures and restructuring efforts
19:21 20.03.2025
swiss national bank cuts guide rate signaling end of rate cut cycle
Euro
Swiss Franc
United States Dollar
Banca Migros
PostFinance Fonds 3
Capital Economics (N.A.) Ltd.
Bantleon Sel.-Ban.Gl Mul.Ass. I
BAK Economics AG
Lombard Odier Funds - Asia Value Bond
Deutsche Bank RV Global PP
Pictet TR - Atlas
VP Bank AG
Raiffeisenfonds-Wachstum T
CHE
Arthur Jurus
Karsten Junius
Alexander Koch
Philipp Merkt
Philipp Burckhardt
Nadia Gharbi
Adrian Prettejohn
Thomas Gitzel
Valentino Guggia
Gianluigi Mandruzzato
Katja Müller
Daniel Hartmann
Anne-Claude Maurer
Show more
19:00 20.03.2025
deutsche bank plans significant job cuts and branch closures by 2025
United States Dollar
Barclays PLC
Deutsche Bank RV Global PP
NatWest Group plc
DEU
Christian Sewing
Show more
17:20 20.03.2025
Deutsche Bank to Cut Jobs and Close Branches in Cost-Cutting Strategy
United States Dollar
Barclays PLC
Deutsche Bank RV Global PP
NatWest Group plc
DEU
Christian Sewing
Show more
17:20 20.03.2025
markets decline as deutsche bank announces job cuts and economic signals fluctuate
Euro
United States Dollar
Deutsche Bank RV Global PP
NEMETSCHEK
Micron Technology, Inc.
CHN
DEU
USA
JPN
Show more
15:02 20.03.2025
Julien Scemama joins SocGen to lead equity private placements in EMEA
British Pound Sterling
BNP Paribas SA
Credit Suisse Strategic Income I
Moelis & Company
Houlihan Lokey, Inc.
William Blair Instl International Gr
Deutsche Bank RV Global PP
Nomura Holdings, Inc.
FRA
Daniel Muldoon
Connor O'keefe
David M. Solomon
Julien Scemama
Ashish Patel
Show more
14:40 20.03.2025
Deutsche Bank co-leads funding for compliance automation platform Kosli
14:00 20.03.2025
deutsche bank reduces health equity price target while maintaining buy rating
13:03 20.03.2025
deutsche bank plans to cut 2000 retail jobs and close branches
12:21 20.03.2025
bnp paribas to close one third of branches in france by 2030
12:10 20.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Workplace Trends
Government Policies
Government Economic Policies
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Lux Digital Healt
Banco Santander, S.A.
Microsoft Corporation
BNP Paribas SA
UBS Group AG
UniCredit S.p.A.
Amazon.com, Inc.
HSBC Holdings plc
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: