Deutsche Bank to slash jobs, exit countries in €3.8bn cost-cut
Deutsche Bank
Frankfurt - Arab Today
Deutsche Bank, Germany's biggest lender, announced Thursday it would cut 9,000 jobs and pull out of 10 countries in a new 3.8-billion-euro cost-cutting drive after it ran up record losses in the third quarter.
Deutsche Bank's new co-chief executive John Cryan told a news conference that the group planned to close onshore operations in 10 countries and reduce its work force by approximately 9,000 net full-time equivalent positions. The measures "are anticipated to produce gross cost savings of approximately 3.8 billion euros ($4.6 billion)", Cryan said.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:37 2017 Monday ,20 February
Atlas Telecom launches breakthrough coastal surveillance
GMT 08:59 2017 Friday ,10 March
Dubai ‘bio-dome’ will be home to 3,000 plants and animals
GMT 11:33 2018 Wednesday ,07 November
Brazil's president-elect attends special congress sessionGMT 13:11 2012 Tuesday ,07 February
Female employees in Assiut harassed while protesting
GMT 11:02 2016 Thursday ,12 May
French investigators suspect Tokyo Olympics corruption
GMT 14:30 2018 Friday ,12 January
Airbnb 'disappointed' by Amsterdam plan to cut rentals
GMT 22:42 2018 Thursday ,13 December
'World of Food Abu Dhabi' kicks off at Umm Al Emarat Park
GMT 16:36 2018 Thursday ,06 December
Pakistan military wants US to leave as a 'friend'
GMT 13:21 2018 Thursday ,06 December
China demands Canada release Huawei's chief financial officer
GMT 16:00 2018 Tuesday ,06 November
Bayern face crucial week with Mueller in spotlight
GMT 18:35 2018 Thursday ,01 November
Armenia's president signs decree to dissolve parliamentGMT 14:11 2011 Sunday ,18 December
Athens expo visitors admire persian carpets
GMT 17:10 2014 Thursday ,25 September
Militant attacks kill 11 policemen in north AfghanistanGMT 20:00 2012 Thursday ,09 February
Rhino dies after anti-poaching treatment in S.Africa
GMT 21:50 2017 Friday ,05 May
Scottish man dies during 'mysterious' skydive jump
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor