Deutsche Bank's radical restructuring rocks Frankfurt | DW News
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- Опубликовано: 7 июл 2019
- Europe's largest lender, Deutsche Bank, has announced it will cut 18,000 jobs in an effort to radically restructure the financial institution. Deutsche has said the move will cost 7.4 billion euros, as the company leaves global investment banking behind and slashes some operations in fixed income. Staff across Asia were already seen leaving their buildings, though the bulk of job cuts are expected to be in Europe and the United States. Could those jobs have been saved if Donald Trump had paid back his loans?
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#DeutscheBank #DonaldTrump #DWNews
it's a useless bank... very bad experience with them... I think the entire German banking should collapse to wake up and know it is not in the 80s anymore. That guy is illusionary of course it is the management fault...the whole management in DB is a disaster, from a simple customer point of view.
They fail to catch the digital age.
The first ripple in the global financial meltdown (again, worse)
The PR is perfect. It’s like a person cutting their arm then saying they did it to lose weight...
Bankers are overpaid, I know many people that want to work in the banking industry just to make money and huge bonuses.
I don't feel bad for them at all, they don't produce anything just store your virtual money and keep charging you for their services.
Most of these jobs should be substituted with software engineers and automated.
Even worse, when you deposit money into a bank, the bankers think it's THEIR money. When my mom died, trying to get the banks to relingquish her funds was like pulling teeth. They kept trying all sorts of stalling to keep the money.
I feel for any fellow German who loses their job, but regarding the banks themselves they should all burn.
Criminal banks will never collasp. The criminal governments have their backs.
Buy Gold 🥇
If they weren't handing out $60, million in bonuses per yr. They could keep employees.
corporate policy is to screw the employees, pay bonuses to the executives and then go bankrupt while giving the management that bankrupted them, golden parachute severance plans. Capitalism at it's finest.
To "align a bank with its strenght", that's a new phrase, instead of "synergie", "efficiency improvement", "focusing on core activities". All these sentences just mean "cut jobs, rake in more money"😜😁
Deutsche won’t be raking any money anytime soon, you can trust me on that.
WE HAVE A Humpty Dumpty SITUATION now teetering on the edge of another 1929.
Pretty sad they couldn’t just find other areas to employ 18,000 people in, Robot Rising has commenced.
If western nations especially US follow capitalism, why are banks are always bailed out? Honest question.
And that's how you know that market forces are manipulated all the time. We do not live under a capitalist system but under a crony capitalist system where the stock market is being used to enrich people who have done absolutely nothing to deserve it. The stock market is the scourge of humanity because it drains capital from a core business so that rich people can play casino with other people's lives.
@@outlawJosieFox Could you explain how exactly the stock market corrupts the US (for example) in a bit more detail? I'm curious, and don't quite understand what you mean.
Why would you put your money into stock market where the big investors are acting in unison withdrawing and depositing their money synchronized with each other and hence control the market? They are all managed by hedgefunds with 100 biggest investors to manipulate the market. I never understood why people with small money think they have anything to gain by putting their money into stockmarket. Even 100 million is nothing compared to synchronous control and manipulations a single hedgefund makes. You will only lose money if you have such little control.
Because unfortunately they are middlemen for most of the action. Some of them have become so big that if they fail they will go down with tons of other businesses that depend on them and of course that means massive job losses and a huge backlash to the economy.
Feel sorry for bankers: more like how you feel when the school bully takes a hard commensurate fall.
CEO weasel is smiling and "pleased to announce" that 18k people are losing their job. Downsizing/restructuring is often necessary but it is never a time t smile, laugh and be "pleased to announce" anything.
Little bit too optimistic, kind DW trying to regain public trust in their horse.
they invested heavily in emerging markets in asia such as thailand indonesia - now the bubble pops!!!
A Williams those two emerging countries you mention are about to pop themselves. Their growth are slowing down yet economic development is still going stale. All hype but not much real economic value for investor. Of course the bank knows that, they’re eyeing India now as far as keeping one of their biggest assets in Emerging market on South East Asia Region
They have negative interest rates... that spells their doom
Ah...moving the Deck chairs and tuning up the band...
What about the 43 trillion dollar derivatives book ?
@Richard Dixon It's twice the US, GDP so no easy solution.
Follow the money instead of following the headlines. That’s how you learn who profits from a bailout
The issue is that the bailouts rescued leveraged, reckless speculators from the results of their unwise professional folly and gave them an incentive to do it all over again
How many Bankers and how many Lawers they have?
Oops...Time to get out all the cleaning product you could possibly lay your hands on...
The you know what, is just about to hit the proverbial fan...and by all accounts, it's going to be the mother load...
I think that tweet about Trump paying back his loans was supposed to be a joke.
And nothing to do with money laundering?
More like finally realising that the debased American financial system based on money laundering is a bad strategy and making an effort to follow a new path.
German taxpayers are already burdened with the Berlin airport fiasco, now this.
The banks transferred the leverage to corporations and governments in 2008, so who will lose this time? The bank, or the government and your currency?
has this anything to do with the COLLAPSE OF IRAN deal?
love the way it has been spinned
If the government is weak as it is in Germany an investment bank has no chance. But we will see, maybe it’s good there is the change now not in 10 years
1930s all over again
the only winners here are the shareholders. when the downsize was annonced the stock price went up!
And down now.
I think the logo of the bank is lopsided. Should be sliding down toward the right......
Where will Russian oligarchs “invest” their money now?
In my view giving the history and timing, the DB stepped into uncharted water when it became an investment bank and competitor of Anglo-Sanson banking and financing industries. It is quite clear that between USA and Germany there are tensions, and the reasons of are the attempt by USA to stop Germany from becoming a world player and a close relationship with Russia and China. Undermining Germany through the economy and banking is a viable path.
It's the end of an era.
it's the beginning of a new era. The whole world is freeing itself from the debase American financial system based on the petrodollar. It's a time to rejoice.
Nope; the Rothschilds, Morgans, Rockefellers, Warburgs, Kuhn Loebs, Lazards, Goldman Sachs and the Lehmans will just together and buy it, expanding their ownership of the corporate world.
@@d.e.b.b5788 It's not for Sale.
@@Eisenstern 'Yet'. Banks buy other banks all the time, and sometimes even a large bank can be bought out by a smaller one, if the larger one is in extreme financial difficulty and the smaller one is quite stable and successful, and convinces the board and the government regulators to allow it to merge with the smaller one and take on the better managers of the smaller one and make them the new upper management of the larger, failing one. I remember this happening in New Jersey about 35 years ago, so it it can happen there, I'm sure it happens elsewhere. So it does happen. Just not often....and they really don't want anyone to know, so it's not going to be broadcast. It will probably just be reported as 'restructuring' of the larger bank's management.
@@d.e.b.b5788 The German government doesn't want DB to be bought by an American bank. They want DB out from under the debase US financial system. Thy want the American system to collapse.
Usual unethical bankers:)
too many bad loans to trump
Well, just the fact that they were loaning money to Trump says that there's a serious problem of poor judgement there, since no one else would loan him money.
As of today, I have no investments with Douche Bank.
Global economic & financial collapse is getting worse.
Depression ahead !! Brace urselves
sounds like the start of a dominos....
The domino is falling
This was on the way anyway ☹️
With Bitcoin, bankers are no longer needed. Just like the internet destroyed the news paper.
This guy's are been way too positive... Shady
Deutsche bank share price tells the story, share price was 60 euros today 6 odd euros, and that is after share price support from a mystery buyers who has been regularly propping up D/B share price above 6 euros, possibly the EU central bank or the German central bank.
This bank is on life support, the carcass of the animal which was D/B was is on life support, made worse by fines for wrong doings in the past, and the weight of the derivatives.
I wonder how many of the worlds taxpayers are supporting this bank unbeknown to them via their central banks intervention, as their derivatives allegedly runs into trillion of dollars.
The tip of the Derivative iceburgh has been put in a bad bank why? so the bad bank can go under with its debts. It will be interesting to see how many more billion of bad assets gets put in this bad bank. Note they call it a bad bank? who is going to take the losses? not D/B.
D/B is a zombi bank that they can not afford to die as the disease after the death would cause more zombi banks to perish.
The difference is D/B is too big to bail, and too big to fail, whilst all they can do is give it the kiss of life hoping D/B will come round and cure itself.
how is beautifull is capitalism, irony mode
Capitalism...has anybody heard or seen anything that resembles that in the US since 1971?
+UBS = Used to be smart!
THIS IS WHAT YOU GET WHEN YOU TEND TO GET GREEDY. WHAT HAVE THE SHAREHOLDERS BEEN DOING SINCE THE FEDERAL EUROPE WAS FORMED.
Federal Europe? is that an insurance company?
So they are leaving UK and US and going more to the eurozone. Smart move.
@@rsrs8632 The US & UK financial sectors are debased and evil and need to be destroyed. Once out of Europe, England will suffer horribly. It survived on the city of London money laundering. Deutsche Banks restructuring is the first step in a world wide trend that will leave England and the US in a mountain of debt and a depression.
Deutsche Bank AG is one of the best bank in the world!
Will see what happen. About in 2008 in Great Britain Royal Bank of Scotland went bail out. They had to saved it in 24 hours. And we blaimed Greece of bad economic policy. Others were playing the casino economy. Countries are more debt together than money is out on the world. Because Thatcher's economic policy.
So they followed the good/bad bank model applied first to the Espirito Santo bank. The result was not the best, particularly since the bad bank, will only find an available creditor in the State. Expect another state bailout, one can hope that at least this time, German banks will be rescued by the German citizens.
Truthfully, all of the people they lent money to and didn't pay them back, like Donald Trump, should be sued and required to not only pay back what they owe but pay back with interest.
Deutsche Bank is too big to be allowed to fail. It would take a large part of the German economy down with it. So what is being done and what needs to be done. Setting up a sacrificial cow by putting all the debt in to be allowed to die seems to be the main idea. The bank should not forget to include all its liabilities with the US Trade department and Treasury department. It should close down US operations. The US has sanitized its indigenous financial shortfall by getting European banks to pay for so called money laundering while allowing US banks to get away with extreme crimes. Europe needs to protect its banks from the malevolent US predation. Next Europe needs to get European banking investing in European manufacturing. This means preventing Chinese companies buying up the crown jewels of European Companies especially the smaller ones. The banks need to be involved in developing European manufacturing. Investment Banking is what has caused the Deutsche its problems. Eliminate it. Concentrate on solid German values.
There broke. Simple as that!
That dm is tsunami finance
Can I get a job ?
Germany: Instex...
USA: there will be repercussions...
Germany: kut 18k from amerika...
USA: ---
Germany: :)
The clock ran out. This simply means the House expired.
Pole-shift occurred on New Years 2015. Briefly following, finally, the budget clock expired without a house vote. This means the 1984 House no longer passes the budget from my infinite-debt treasury, to my speaker President. This is now a direct budget from my private Grand Master national treasury, to my speaker’s directives.
Travis, the next-Star-over, said about my song, “Jump To The Bedroom was definitely written by God.”
Circling the drain. Buy Bitcoin!
Bit coin depends on the web....the latest form of warfare is Cyber to say nothing of the chance of a Carrington event or emp
Hahaha I'd rather own GOLD 🥇
@@barbaralindhjem2488 Locha Mesh Networks.
No internet connection needed.
Besides, if there was an EMP, you'll have much bigger things to worry about than trading Gold & Silver for food.
🔥🔥🔥🔥🔥🔥🔥🔥🔥
Delusional
Germany Kaput Germany Kaput Germany Kaput
Symbolic of modern Germany...
DB has tried something new and it hasn`t worked out for them. So they`ve dropped it and back to the drawing board.
No business ever gets everything 100% right all the time.
The Germans are a optimistic nation 😁
Deuche bank 30%акций 2020 07
This is a good thing. It is very important not only for Germany but for the whole world to distance itself from the American financial model. The American financial model is debase and will not survive. A new model based on socialist principles that puts the working class people and not the elites in focus is the only system that collapse. Europe needs to look to a future with China and Russia, not the US.
哈哈😄？哈哈🐂🈲️！
It has been claimed that Deutsche bank has filed for bankruptcy. The collapse of the Euro Psalms 46: 4-6 Ezekiel 7: 19-22 Revelation 18: 17 causes WAR to appear between Russia and the EU in famine. This war is parallel to the war appearing between the US, Israel and Iran Daniel 11: 44, 45 Daniel 8: 20, 23-25. The Great tribulation ruptures when 'desolation's Matthew 24: 15 appear in Judea. Christ said when this is seen, we should leave Judea immediately, because its no longer safe. Mark 13: 16. [See Zephaniah 2: 1-11] These events introduce the biggest crisis in man's entire history. Matthew 24: 21, 22.Daniel 12: 1.