Christian SewingReuters/Kai Pfaffenbach

Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany’s biggest bank after a supervisory board meeting on Sunday.
The restructuring will reportedly focus on its US business and could include the cutting of 15,000 to 20,000 jobs.
We’ve outlined what we know about what’s going on at Deutsche Bank below.
Watch Deutsche Bank trade live.

Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany’s biggest bank after a supervisory board meeting on Sunday. The restructuring will reportedly focus on its US business and could include the cutting of 15,000 to 20,000 jobs, or one in six of all full-time employees.

Here’s what we know about Deutsche Bank’s restructuring:See the rest of the story at Business Insider

NOW WATCH: ‘Blue’s Clues’ is making a comeback with a new look and new host. Here’s what the original host, Steve Burns, did after he quit the show.

See Also:

We visited the regional chain that Southerners say is better than In-N-Out and Shake Shack — here’s the verdictWhether you’re single or married, these are 11 facts about flirting that everyone should knowAmazon turned 25 today, which according to Jeff Bezos means it will die in as little as 5 years time

SEE ALSO: A day in the life of a Deutsche Bank managing director, who wakes up at 5:00 a.m., spends 10 days of the month traveling, and works out twice a day even while on business trips


Read more: feedproxy.google.com