'Golden parachutes for failed managers while thousands of employees are losing their jobs just do not match,' a German watchdog told the Financial Times.
Deutsche Bank is being slammed for paying out millions to departing senior managers. A picture of two men thought to be fired Deutsche bankers went viral on Twitter, after they were photographed leaving the bank bags in hand. It turns out they were fitting $1,800 suits for the German bank's directors, all while hundreds of staff were being fired. Deutsche earlier this week announced a massive overhaul which would over the next few years cut 18,000 jobs. Read more stories on Markets Insider.
Deutsche Bank is being slammed for paying out millions to departing senior managers. A picture of two men thought to be fired Deutsche bankers went viral on Twitter, after they were photographed leaving the bank bags in hand. It turns out they were fitting $1,800 suits for the German bank's directors, all while hundreds of staff were being fired. Deutsche earlier this week announced a massive overhaul which would over the next few years cut 18,000 jobs. Read more stories on Markets Insider.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank Shares Fall Sharply on RestructuringDeutsche Bank shares were volatile as the German lender insisted it could radically restructure its business without having to ask shareholders for more capital to help pay for staff cuts and losses.
Read more »
Deutsche Bank slashes 18,000 jobs in brutal cullOne laid off equities trader said the mood was 'pretty gloomy' as people were called in to meetings. 'They give you this packet and you are out of the building,' he said.
Read more »
Deutsche Bank careers end in an envelope, a hug and a cab rideSummoned by HR to be handed a Deutsche Bank envelope, many of its staff across t...
Read more »
Big axe falls as Deutsche Bank to lay off 18,000 in $8.3 billion 'reinvention'Deutsche Bank axes 18,000 jobs, as the struggling German lender announced a dramatic restructuring that is expected to cost over $8 billion. More here:
Read more »
Deutsche Bank careers end in an envelope, a hug and a cab rideSummoned by HR to be handed a Deutsche Bank envelope, many of its staff across t...
Read more »
Deutsche Bank Layoffs Hit New York OfficeThe embattled bank will lay off 18,000 workers amid a “radical transformation.”
Read more »