Deutsche Bank chairman signals cuts are in store as AGM starts

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FILE PHOTO: Deutsche Bank’s Supervisory Board Chairman Paul Achleitner gestures as he addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT (Reuters) – Deutsche Bank Chairman Paul Achleitner on Thursday signaled cuts are in store at Germany’s largest lender and that the chief executive would soon elaborate on the topic at the bank’s annual general meeting.

“We need to restructure even faster and more radically,” he told shareholders.

CEO Christian Sewing “will talk about this in a minute – and we will discuss it”, he said.

Reporting by Tom Sims; Editing by Tassilo Hummel



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