Deutsche Bank overhaul in doubt due to covid-19: reports

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Deutsche Bank's planned overhaul has been stalled by the fallout from the covid-19 outbreak, according to reports. The Financial Times reported today that the German lender sent a memo that sought to pause any new redundancies in an effort to "avoid additional emotional stress in the current environment." The bank was seeking to lay off some 18,000 positions in a series of cuts to be rolled out since last year. Deutsche Bank last year announced plans to shed 18,000 jobs and to create a "bad bank" to spin off $83bn in unwanted assets. Until the outbreak of covid-19, Christian Sewing...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.