Chief Executive Officer Christian Sewing flagged an extensive restructuring in May when he promised shareholders "tough cutbacks" to the investment bank. The pledge came after Deutsche failed to agree.

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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. unlikely.

*American Airlines CEO commits to 737 Max fleet once it’s fixed (NBC News) * Deutsche Bank CEO speaks of ‘tough cutbacks’ at contentious shareholder meeting (CNBC) * Wells Fargo, TD Bank already gave Trump-related documents to Congress (NBC News) STOCKS TO WATCH

"We will not deviate from tough decisions. "On cost cuts, Cryan only paid lip service today; he made no concrete announcements," a top-ten investor said. JP Morgan analysts wrote in a note: "We are.

New-Home Sales Are Recovering From Their 2018 Slump by Wolf Richter Feb 28, 2018. The new tax law also removes some or all of the tax benefits of homeownership for first-time buyers, as the near-doubling of the standard deduction puts renting and owning on the same tax level in most markets, and there’s one less reason to buy. January was the first month when higher mortgage rates,

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.. CEO Christian Sewing.

 · Deutsche Bank AG executives have considered plans in recent weeks to eliminate close to 10,000 jobs, or about one in 10 employees, as part of moves to.

 · Deutsche Bank will remember Thursday, Jan. 8 as the start of “Duesselgate”, a nickname born not of wrongdoing, but from the shockwaves sent by.

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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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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.