Deutsche Bank forced into rethink as strategy overhaul stutters - sources

Deutsche Bank forced into rethink as strategy overhaul stutters - sources
 

Threatened with a multi-billion-dollar fine from U.S. regulators, Deutsche Bank's (DBKGn.DE) management is rethinking elements of its year-old strategic overhaul that has made faltering progress, people familiar with the matter said.
The organisational change, launched in October last year by the then new chief executive John Cryan, aimed to slash costs by cutting staff, overheads and selling off some non-core businesses at Germany's largest lender.
But a year on, with its staff numbers barely changed and little clarity on what the bank's long-term business model will look like, management... read more

 
10 October 2016 in Business, Views: 44
Source: Reuters
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