Deutsche Bank shares sank on the day after the 149-year-old bank announced its latest, and deepest, restructuring effort. The stock market reaction signals that investors are uncertain about a turnaround plan that will see the lender slash 18,000 jobs and retreat from operations around the world.
The German bank’s shares fell 5.7%, to €6.77, at the time of writing, not far off the all-time low of around €6.00 set last month.
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