Deutsche Bank is to exit 10 countries and cut 9,000 jobs as part of a sweeping strategic overhaul designed to help restore the Germany’s lender’s profitability.
In addition to the cuts in its own staff, Deutsche also aims to cut the army of consultants advising the bank by 6,000. Through selling its Postbank subsidiary, Deutsche will shed another 15,000 staff.
Unveiling the final details of its keenly awaited strategic review, John Cryan, Deutsche’s new co-chief executive, said he wanted to lead the bank in a “more disciplined and focused way”.
The bulk of Deutsche’s withdrawals will come in Latin America, where it will cease operations in Argentina, Chile, Peru, Mexico and Uruguay, as well as shifting its Brazilian trading operations to other “global and regional centres”.
In Europe, Deutsche will withdraw from Denmark, Finland, Norway, and Malta. It will also exit from New Zealand.
But the bank’s third-quarter earnings, also released on Thursday, highlighted how far Germany’s biggest lender has to go to meet a series of stretching financial targets.
Deutsche reported a net loss of 6bn in the three months to the end of September, slightly less than the 6.2bn it had flagged earlier this month but far greater than the 92m loss in the same period last year. Revenues were down 7 per cent year-on-year at 7.33bn, versus analysts’ expectations of 7.98bn.
Less than 24 hours before the earnings release, Deutsche Bank said it would pay no dividend for the next two years in a bid to boost its balance sheet and meet new targets to improve its health.
Mr Cryan, who succeeded Anshu Jain as co-chief executive in July, said the result was “highly disappointing”.
德意誌銀行(Deutsche Bank)將從10個國度撤出，並淘汰9000個事情崗亭，此舉意在睜開周全的計謀調劑，贊助該行扭虧為盈。
除淘汰本身員工，該行還盤算淘汰6000名參謀。經由過程出售旗下的德國郵政銀行(Postbank)，該行的員工部隊還將再壓縮1.5萬人。
在表露該行備受等待的計謀檢查的終極細節時，該行新任聯席首席履行官約翰克賴恩(John Cryan)表現，他想引導該行走一條“更守規律和專註的途徑”。
德銀重要將從拉美撤出。它將關停在阿根廷、智利、秘魯、墨西哥和烏拉圭的營業，並把在巴西的生意業務營業遷至其他“環球和地域中間”。
在歐洲，德銀將撤出丹麥、芬蘭、挪威和馬耳他。該行還將撤出新西蘭。
不外，該行第三季度財報(也是在周四宣布的)凸顯出，這家德國最大的銀行還需走多遠能力實現一系列艱苦的財政目的。
在停止9月尾的三個月裏，該行錄得60億歐元凈吃虧，略低於本月早些時刻該行在預警中提到的62億歐元，但遠高於客歲同期的9200萬歐元吃虧。該行收入同比下滑7%，至73.3億歐元，低於剖析師79.8億歐元的預期。
在財報宣布不到24小時前，德銀表現往後兩年將不會派息，試圖以此來牢固其資產欠債表並實現改良財政狀態的新目的。
克賴恩本年7月代替安舒賈殷(Anshu Jain)出任德銀聯席首席履行官。他表現，這一財報“異常使人絕望”。
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