Deutsche Bank ... who to believe that the most problematic, bordering on the edge of the criminal bank in Europe will endure the tension, find the strength to restructure and encourage investors to return to the bank's shares.
Since June, the bank's shares are up 28%, and the downward trend gives first signs of cracking. The bank's determination to clear its reputation begins to pay off.
In its next round of reforms in the long restructuring process, the bank announced on Sunday that it would close its share sale offices as well as close its trading business. The bank has also announced that it will cut nearly 18,000 people further, with the Bank's goal being to cut a total of 74,000 by 2022. This will cut costs by as much as 6 billion euros.
Q2 expects the bank to declare a net loss of 2.8 billion euros, the report will be released on July 25.
Graphs: Used with permission of Bloomberg Finance L.P.
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