The headquarters of Deutsche Bank in Frankfurt, Germany, which has embarked on a major restructuring plan. Photo: dpa/AFP

Deutsche Bank’s ‘fundamental transformation’ under CEO Christian Sewing to cost US$8.3 billion and 18,000 jobs

  • Bank to shelve dividend this year and next to pay for the restructuring that will shrink its investment bank, global footprint and fixed-income business
  • Investors cheer, sending the bank’s shares 4.4 per cent higher in early trading
Topic |   Banking & Finance

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The headquarters of Deutsche Bank in Frankfurt, Germany, which has embarked on a major restructuring plan. Photo: dpa/AFP
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