Doubts over Deutsche Bank turnaround plan dent shaky shares | Reuters


Christian Sewing, CEO for just over a year, and his finance chief are on week-long roadshow to explain the restructuring. To underline his commitment, Sewing plans to invest a quarter of his fixed salary — around 820,000 euros — in Deutsche shares, a person with knowledge of the matter said.

Deutsche’s stock price has fallen 10 percent since Sunday’s restructuring announcement to cut 18,000 jobs in a 7.4 billion euro ($8.3 billion) “reinvention”. It is the biggest two-day decline in almost three years.

Source: Doubts over Deutsche Bank turnaround plan dent shaky shares – Reuters

READ  The Corrosive Election and the New Abnormal | The New York Times

Leave a Reply

Your email address will not be published. Required fields are marked *