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

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Deutsche Bank shares slumped more than 5% as the. bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting. However,

Deutsche shares have risen 16% over the past month, bouncing off an all-time low in early June after CEO Christian Sewing called for "tough cutbacks" at a contentious shareholder meeting.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting by SmartTipsConsultants | May 23, 2019 | Economic News Deutsche Bank faces pressure to trim its investment banking division following the collapse of merger talks with domestic rival Commerzbank.The UBS downgrade note highlighted that Deutsche’s IB would have.

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"We’re prepared to make tough cutbacks," he said, without elaborating on where in investment banking the cuts would occur. Shares in Deutsche Bank, which have lost 38% since last year’s shareholder meeting, closed down 2.4% at 6.45 euros, slightly off their earlier life-time low.

The latest plan, with cuts. shareholder meeting. They will face a proposal to break up the company and probing questions about last month’s chief executive handoff and the tough choices the lender.

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

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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.

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. Andreas Arnold | Bloomberg | Getty ImagesDeutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (cfo) told cnbc sunday that…

Deutsche Bank’s chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender.

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