Deutsche Bank will cut the headcount of its retail bank by almost 2,000 people in 2025 with a „significant” reduction in the number of branches, Chief Executive Officer Christian Sewing said, according to Reuters.
The job reduction figure is a new disclosure from Germany’s largest bank and comes as the lender aims to meet a series of ambitious financial targets by the end of the year.
„We will reduce again branches like we had planned this year in quite a significant number,” Sewing said at a financial conference organised by Morgan Stanley, adding the cuts would come at both the Deutsche Bank and Postbank brands.
Deutsche Bank closed 125 branches last year and indicated more closures were on the way. Sewing and the bank did not say how many more branches would close in 2025.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
