Deutsche Bank’s shares sink as investors reckon with the scale of its restructuring

Deutsche Bank’s shares sink as investors reckon with the scale of its restructuring

Deutsche Bank’s shares sink as investors reckon with the scale of its restructuring

By / Finance / Monday, 08 July 2019 19:23

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.

 

Read more at Quartz.

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NexPro Media Staff

NexPro Media Staff

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