Deutsche Bank and Commerzbank have ended their talks about combining forces. Both say they've concluded the risks and costs would outweigh the benefits.
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.
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.
Public outrage at departing financial executives receiving millions is often palpable. Yet grappling with the issue is harder than it looks in an industry that serves itself above all others.
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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