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Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting

deutsche bank. deutsche bank ceo speaks of ‘tough cutbacks’ at contentious shareholder meeting. CNBC – Elliot Smith. Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in.

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Deutsche Bank’s mass restructure will see 18,000. bouncing off an all-time low in early June after CEO Christian Sewing.

CEO of Deutsche Bank Christian Sewing speaks during the annual shareholders meeting in Frankfurt, Germany, Thursday, May 23, 2019. (ap photo/michael probst) frankfurt, Germany (AP) – The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank’s profitability and raise a "disappointing" share price as negative headlines continue to plague Germany’s biggest bank.

Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line. The embattled German lender saw its share price hit a record low Thursday, down nearly 5% since the start of the year.

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Deutsche Bank will trim its global staff from 97,000 to 90,000, the bank said Thursday.. Deutsche Bank sinks after announcing 7,000 job cuts ahead of its contentious annual meeting (DB.

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Deutsche Bank ‘very confident’ new job cuts will be its final restructuring drive July 7, 2019 Author World 0 James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018.

Deutsche Bank shares jumped nearly 4% Monday after the German lender announced a mass restructuring program over the weekend, which will see 18,000 jobs cut by 2022 and the closure of its global equities sales and trading business in a bid to improve profitability. The bank expects the sweeping reforms, which also involve the creation

At its annual meeting. Deutsche was prepared to make “tough cutbacks,” he told shareholders. The bank reported a profit.