Up to 20,000 jobs could be axed at Deutsche Bank in a radical reorganisation of Germany’s biggest bank.
The two maritime airports of Varna and Burgas are expected to meet 5 million passengers this year. 2 million at Varna Airport and 3 million…
157 Views | the publication reaches you by | Bulgarian Business ClubThe supervisory board of Deutsche Bank is expected to approve the plan on Sunday.
The German government had supported the tie-up, hoping it would create a national champion in the banking industry.
However, both banks concluded that the deal was too risky, fearing the costs of combining might have outweighed the benefits.
Chief executive Christian Sewing, who took on the top job just over a year ago, told shareholders at the annual general meeting in May that he would “accelerate transformation” by focusing the bank on “profitable and growing” businesses.
“I can assure you: we’re prepared to make tough cutbacks,” he said.
Trading is highly popular with several people, whether this is on a global scale or a much smaller…
116 Views | the publication reaches you by | Bulgarian Business Club
Do you have information you want to reach our readers?
You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.
