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

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

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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.

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.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious. – 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.

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Deutsche. General Meeting (AGM) on Thursday, May 21, in the cavernous ‘Festhalle’ building at Frankfurt’s trade-fair grounds, it’s the shareholders’ turn to speak to the bank’s management. There’s.

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. However, the multi-year decline is evident in a share price at Friday’s close of 7 euros, as opposed to 112 euros at their pre-crisis peak.

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE. made directly responsible for reforms and cost cuts in a boardroom shake-up last week that saw co-CEO Juergen Fitschen lose some of his.

Deutsche Bank executives can expect an explosive meeting with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line.

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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. However, the multi-year decline is evident in a current share price of 7 euros, as opposed to 112 euros at their pre-crisis peak.

The chief executive officers of Deutsche Bank AG and Credit Suisse Group AG are squeezed between investors pushing them to boost profitability and employees demoralized by job cuts, lower pay. Bank.

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