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

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.

To raise any higher amount – some analysts say Deutsche Bank needs about 10 billion euros to lay the capital issue to rest – it would have to call an extraordinary shareholders meeting. labour laws.

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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.

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Addressing shareholders Thursday, CEO Christian Sewing said the bank will accelerate its transformation by "rigorously focusing our bank on profitable and growing businesses which are particularly relevant to our clients." "We’re prepared to make tough cutbacks," he said, without elaborating on where the cuts would occur.

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Trump’s golf havens fight taxes and shrink local revenues Kelowna’s real estate reverb – Investment Real Estate Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting deutsche bank ceo pledges tough investment bank cuts as. – Deutsche Bank’s chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as.

Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting. elliot smith. cnbc. 23 May 2019. Reblog. Share. tweet. share. view photos. A signs stands above the entrance to a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, July 4, 2016..

The German bank expects to report a net loss of 2.8 billion euros in the second quarter of 2019, with results due on July 25. 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.

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