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The bank’s new CEO is leading a major effort to revamp the troubled bank for the future.
Deutsche Bank managers will be laying off 7,000 staff members as they “significantly reshape” the equities sales and trading businesses and will retreat from key markets to “concentrate on what we truly do well,” says Christian Sewing, CEO of the firm’s management board, in an official announcement. Timed for its annual general meeting (AGM) on...
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