Deutsche Bank Cuts Again. Not Even Fruit Bowls Are Safe
- CEO Sewing is said to seek changing attitude toward costs
- Travel, conferences, processes being reviewed in units
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The list of perks at Deutsche Bank AG is shrinking fast.
Investment bankers at Germany’s largest lender have been told to travel coach class on trains; fewer are able to attend conferences and some former employees said severance pay was less generous than previous handouts. Even small treats like the daily fruit bowls are disappearing.