Deutsche Bank уволит 18 тыс. сотрудников, акции банка растут в цене – Online Traders
Deutsche Bank’s investment business in London and New York were already hit by heavy staff cuts and German media reported that Deutsche Bank’s austerity measures could also lead to a reduction of the bank’s branch network in Germany. Deutsche is closing its global share-trading business and significantly cutting back investment banking operations, saying that the restructuring will cost €7.4bn.
The German bank plans to cut 18,000 jobs worldwide by 2022. shares fell more than 8% on Wednesday after the bank reported https://forexnw.ru/chto-takoe-breksit.html an 832 million euro ($924 million) third-quarter loss hurt by restructuring costs and weakness in fixed-income trading.
Also in the past week, Deutsche Bank was joint Glo-Co on the 385 million euro offering of D shares for Akelius Residential Property AB, the first ever issuance of euro denominated D shares, a format combining the benefits of hybrid and common stock. In addition Deutsche Bank was brexit новости joint Glo-Co on the 345 million US dollar re-IPO for JSE Halyk Bank of Kazakhstan, the largest re-IPO in the CIS region this year. Deutsche Bank has been mandated on 26 new ECM transactions since July, contributing to a solid pipeline of business for the rest of the year.
Earlier this year, Deutsche Bank announced a wide restructuring plan in an attempt to revive its business. At the time, Christian Sewing, CEO of Deutsche Bank, said the lender would be exiting its global equities business, scale back investment banking and slash thousands of jobs.
Deutsche Bank AG shares are currently trading up about 1.8% on the day. As part of the restructuring plans, the number of full-time employees at Deutsche Bank is to be reduced by around 18,000 to 74,000 worldwide by the end of 2022.
Out of a planned 18,000 job cuts, Deutsche eliminated 1,500 in the third quarter, though the number of employees in its investment bank rose as an intake of new graduates offset staff cuts in equity trading. Credit Suisse on Wednesday reported a rise in third-quarter earnings buoyed by higher revenue in markets and international wealth management. Standard Chartered’s profits rose 16% helped by rising income from corporate and private banking clients. The bank’s shares fell nearly 9% late afternoon in Frankfurt and were heading for their biggest daily loss in almost three and a half years. The bank had flagged in July it would make a loss this year and announced restructuring plans worth $7.4 billion including the elimination of 18,000 jobs.
Achleitner bought the shares at 6.844 euros per share, according to the filing. Deutsche Bank supervisory board members receive part of their annual compensation in shares, but Friday’s purchase brexit news is not part of that. But after a string losses and scandals, Deutsche is going through one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
ended 1.9% lower. Deutsche Bank reported a €3.15 billion loss in the second quarter, after taking a €3.4 billion restructuring charge, which was larger than it previously flagged. Excluding the charge, it would’ve reported a lower-than-expected €231 million loss.
Your organisation’s administrator(s) may view basic usage and profile data about your account and have the ability to set up myFT topic follows on your behalf. You already have an account on ft.com using this email address. Please login to your account. In July, the bank said it will axe 18,000 jobs as part of a major restructuring.
Deutsche Bank shares declined Wednesday in an otherwise listless European stock market which paused ahead of a critical European Central Bank decision. Shortly after presenting the plans for a major restructuring of Germany’s largest bank at the beginning of July, CEO Sewing said that brexit история he wanted to “set a good example” and announced to “invest a considerable part of my fixed salary over the next few years”. Until the end of the share remuneration program, the total stake of Deutsche Bank CEO Sewing would amount to approximately 850,000 euros (932,000 U.S. dollars).
The embattled German lender has struggled since the global financial crisis of 2008 and the subsequent debt crisis in the euro area. The bank has faced billion-dollar fines, increased market competition, a lower market share in both commercial and investment banking, as well as a series of management changes. FRANKFURT (Reuters) – Deutsche Bank Chairman Paul брексит новости Achleitner on Friday bought nearly 1 million euros (915,717.35 pounds) in the bank’s shares, according to a regulatory filing. “One has to look very hard to find anything positive in Deutsche Bank’s results this quarter,” said Octavio Marenzi, CEO of capital markets management consultancy Opimas. Net revenues in investment banking fell 5% from a year ago.