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Deutsche Bank plans to significantly reduce its branch network and cut approximately 2,000 jobs, as announced by CEO Christian Sewing at a Morgan Stanley conference. This follows the closure of 125 branches last year and is part of the "Deutsche Bank 3.0" program aimed at enhancing profitability and efficiency within the organization. The restructuring efforts will streamline hierarchies and focus on improving overall earnings.
A parliamentary commission in Switzerland is set to present its investigation report on the emergency takeover of Credit Suisse by UBS on Friday. The report, anticipated by both politicians and the public, is expected to criticize the Financial Market Supervisory Authority, the Ministry of Finance, and the Swiss National Bank for their roles leading up to the crisis. This inquiry marks the fifth of its kind in modern Swiss history, following a significant event that has impacted the nation's self-image regarding financial stability.
Ralf Banser
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Deutsche Bank to close branches and cut 2000 jobs for restructuring
18:01 19.03.2025
Swiss Parliamentary Committee to Release Report on Credit Suisse Collapse
15:28 18.12.2024
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