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German banks News

29 Sep 2016

Commerzbank says to cut 9,600 jobs by 2020

Germany`s second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, or one-fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring.

29 Oct 2015

Deutsche Bank to slash 35,000 jobs worldwide in major revamp

Deutsche Bank is slashing 15,000 jobs and shedding assets in which some 20,000 staff are employed, as new chief executive John Cryan starts to implement a deep overhaul aiming to improve returns at Germany's biggest bank.

07 Jun 2015

Newsmaker Jain puts Deutsche Bank on world stage but leaves it in limbo

The bank faces high costs, huge fines, a new investigation into Russian money laundering, and a half-finished strategic overhaul now left in limbo as the two CEOs who designed it take their leave.

27 Oct 2014

European stocks drop as German data trump bank tests

Europe`s main stock markets fell sharply on Monday as negative German business data overpowered broad relief after the European Central Bank gave passing grades to a comfortable majority of eurozone banks subjected to stress tests.

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