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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 further branch closures are expected following the closure of 125 branches last year. The bank has accounted for the restructuring costs associated with these job cuts.
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 ongoing efforts to lower costs, with restructuring expenses already accounted for.
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 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.
German antitrust authorities have set an April 14 deadline for a potential initial approval of UniCredit's application to acquire a significant stake in Commerzbank. The CEO of UniCredit noted that the authorization process is taking longer than anticipated.
German antitrust authorities have set an April 14 deadline for initial approval of UniCredit's application to acquire a substantial stake in Commerzbank. The process is reportedly taking longer than anticipated, according to UniCredit's CEO.
German antitrust authorities have set an April 14 deadline for initial approval of UniCredit's application to acquire a significant stake in Commerzbank. The process is reportedly taking longer than anticipated, according to UniCredit's CEO.
Commerzbank reported a 20% increase in net profit for 2024, reaching 2.68 billion euros, surpassing analyst expectations. The bank announced a share buyback of 400 million euros and raised its dividend to 65 cents per share. Amid interest from UniCredit for a potential tie-up, Commerzbank emphasized its commitment to independence and competitiveness.
Novartis is closing MorphoSys sites in Germany and the United States, impacting 330 jobs as part of a strategic evaluation of its organizational structure following the acquisition of MorphoSys earlier this year. The company plans to exit the Munich and Boston locations by the end of 2025 and is committed to supporting affected employees.
A Swiss parliamentary report on the management of Credit Suisse's 2023 collapse will be published on December 20, following months of anticipation. The findings from the committee will inform new regulations for UBS, which acquired Credit Suisse after its significant decline amid scandals.
Matthias Williams
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deutsche bank to cut 2000 jobs and reduce branches significantly
Deutsche Bank RV Global PP
DEU
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Tom Sims
Christian Sewing
Matthias Williams
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17:53 19.03.2025
Deutsche Bank to cut branches and reduce staff by 2000 in 2025
17:03 19.03.2025
Deutsche Bank to cut branches and reduce staff by 2000 in 2025
15:52 19.03.2025
deutsche bank to cut 2000 jobs and reduce branches significantly
Euro
Deutsche Bank RV Global PP
DEU
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15:52 19.03.2025
german regulator sets april deadline for unicredit comdirect stake approval
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12:20 19.03.2025
German regulator sets April deadline for UniCredit Commerzbank stake approval
12:20 19.03.2025
German regulator sets April deadline for UniCredit Commerzbank stake approval
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12:17 19.03.2025
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15:05 31.01.2025
Novartis to close MorphoSys sites affecting 330 jobs by 2025
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12:07 19.12.2024
Swiss Parliamentary Report on Credit Suisse Collapse Set for Release Friday
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