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German economy on a knife edge: Struggling Deutsche Bank closes nearly 200 branches watch

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    Deutsche Bank will close 188 branches across Germany in the coming months, with 51 of them in the North Rhine-Westphalia region.


    The lender has been forced to implement dramatic austerity measures after share prices plummeted by a staggering 48 per cent, marking an all-time low.


    It has also pulled out of 10 foreign markets, including Russia and Australia, and is poised to cut around 3,000 full-time jobs.

    Read More:
    http://www.express.co.uk/news/world/...rozone-finance
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    It's not quite as bad as made out. Although revenue declined it's largely due to the lower commodity prices which will rebound over time.
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    (Original post by TruthToYa)
    Deutsche Bank will close 188 branches across Germany in the coming months, with 51 of them in the North Rhine-Westphalia region.


    The lender has been forced to implement dramatic austerity measures after share prices plummeted by a staggering 48 per cent, marking an all-time low.


    It has also pulled out of 10 foreign markets, including Russia and Australia, and is poised to cut around 3,000 full-time jobs.

    Read More:
    http://www.express.co.uk/news/world/...rozone-finance
    and I laugh here with my stack of gold that will only gain value with this news
 
 
 
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