Mon, Jul 23, 2018 – 5:50 AM
Frankfurt
CHRISTIAN Sewing was barely two weeks into his role as chief executive officer of Deutsche Bank AG when he unveiled the outlines of a yet another turnaround plan for the German lender in April. Now shareholders say it’s time to flesh out the details.
Four of the bank’s top investors want the CEO to provide specifics on where he wants to scale back the investment bank when he reports second-quarter earnings on Wednesday. Two of those said more radical measures than what Mr Sewing has proposed are needed. The investors asked not to be identified in discussing their views.
“The crucial question for investors is just how deep of a restructuring Deutsche Bank needs to achieve sustainable profit…
Read the full article at: https://www.businesstimes.com.sg/banking-finance/deutsche-bank-owners-seek-restructuring-details