Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real estate
Deutsche Bank said Thursday it plans to cut 3,500 jobs after reporting a 30% drop in fourth-quarter profit that included significant losses on its U.S. real estate holdings. The job cuts come after Germany’s leading bank hired 300 front office staff in the three months to December 31, but the company’s CEO Christian Sewing said […]
Deutsche Bank smashes profit estimates and boosts shareholder returns – CNBC
The German lender also announced plans to increase share buybacks and dividends by 50%, returning a total of 1.6 billion euros to shareholders. Deutsche said it plans an additional 675 million euros in share buybacks, which it aims to complete in the first half of this year. This follows his €450 million share buyback in […]
Deutsche Bank names the stock that'll be the 'last man standing' in autonomous driving – CNBC
Deutsche Bank says Israeli-based self-driving technology company Mobileye is becoming the “last man standing” in the race to develop self-driving cars. The investment bank says Mobileye's affordable, modular approach to advanced driver assistance systems (ADAS) compares favorably with competitors struggling with the complexity and high cost of developing truly self-driving “robotaxis.” He said that it […]