Germany's biggest lender has posted its first annual profit since 2014. But Deutsche Bank is still battling a series of scandals and rumours of a merger.
Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a major restructuring of the embattled bank. For years, Germany's biggest lender has suffered from weak performance and legal woes.
The German lender is cutting thousands of jobs and shedding whole business lines as part of a massive overhaul. Analysts say cost cutting alone is not going to rid Deutsche Bank of its current woes.
US authorities are investigating whether Deutsche Bank violated foreign-corruption or anti-money-laundering laws. The probe is the latest in a series of regulatory and legal troubles afflicting the German lender.
The German lender is planning to cut thousands of jobs and shed whole business lines as part of a major reorganization. Analysts say cost cutting alone is not going to rid Deutsche Bank of its current woes.
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