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Deutsche Bank Cuts Jobs, Invests in India

Deutsche Bank announces significant job cuts and restructuring in its deposit and retail divisions, while simultaneously investing heavily in India.

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Germany Labour MarketInvestmentFinanceBankingRestructuringJob Market

Deutsche Bank

Claudio De SanctisAlexander Von Zur MuehlenKaushik Shaparia

How many positions are being cut at Deutsche Bank?: Deutsche Bank is cutting over 100 senior management positions, primarily in its deposit and retail divisions, as part of a cost-cutting program.
Are there any planned hiring initiatives alongside the job cuts?: While the cuts impact numerous senior managers, Deutsche Bank plans to hire more employees in asset management. This reflects a strategic shift alongside cost-cutting measures.
What investment has Deutsche Bank made in its Indian operations?: Deutsche Bank is investing €571 million in its Indian operations to support growth in areas such as sustainable finance and digital transformation, reflecting confidence in the Indian market's potential.
Why is Deutsche Bank restructuring its deposit and retail units?: The decision affects mainly senior managers leading global operations and is part of a broader effort to improve the bank's underperforming deposit unit, which has faced criticism for poor performance and high costs.
What is the bank's target cost-income ratio for its deposit and retail units by 2025?: The bank aims to reduce its cost-income ratio in the deposit and retail units to 60-65% by 2025, representing significant savings compared to previous years.

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