Finance

Deutsche Bank CEO reprimands execs for fitting $1,800 suits day of mass layoffs

0


Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through cost cutting. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

Krisztian Bocsi | Bloomberg | Getty Images

When asked if there would be any personnel consequences, Sewing said only that he called the “colleagues” involved and discussed the incident with them.

“I assume in any case that the two colleagues will not forget my…



Source cnbc.com

Earnings season is almost here and companies are warning the results won’t be pretty

Previous article

Fed chair says relationship between inflation and unemployment is gone

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance