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

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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 share price at Friday’s close of 7 euros, as opposed to 112 euros at their pre-crisis peak.

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FRANKFURT, Germany (AP) – The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank’s profitability and raise a "disappointing" share price as negative.

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"We’re prepared to make tough cutbacks," he said, without elaborating on where in investment banking the cuts would occur. Shares in Deutsche Bank, which have lost 38% since last year’s shareholder.

FRANKFURT, Germany (AP) – The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling. made the remarks Thursday in front of restive shareholders at the bank’s annual.

Two sources have told CNBC that the embattled German lender’s supervisory board will meet on Sunday to discuss the.

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.