Deutsche Bank Said to Weigh Job Cuts, Asset Sales
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Deutsche Bank AG is weighing options such as job cuts and the sale of assets, including its Postbank consumer-lending unit, as Germany’s biggest bank reviews its strategy, a person with knowledge of the matter said.
Anshu Jain and Juergen Fitschen, Deutsche Bank’s co-chief executive officers, yesterday gave a dim assessment of the revenue outlook and pledged to update their strategy by the end of June. No decisions have been made on what steps will be taken, said the person, who asked not to be identified before the review is completed.