XJO 0.30% 8,099.9 s&p/asx 200

Restructure - Tuesday, page-24

  1. jpv
    524 Posts.
    Thanks Co-but-They are doing a number of negatives that corrupt their words.
    Underwriting-STO and
    On top of this, the bank is setting aside €1.2bn to cover litigation costs. Like other banks, Deutsche has been caught up in the Libor-rigging scandal, and faces another investigation in Switzerland for suspected price-fixing in the precious metal market.
    The charges will push Deutsche into an estimated net loss of €6.2bn between July and September. On a pretax basis the company expects to lose €6bn but excluding the impairment charges, the loss would be €200m.
    Cryan is planning to reduce the workforce by a quarter, or 23,000 jobs, to bring costs down and avoid a fundraising from shareholders. The Postbank sale will reduce Deutsche’s workforce by 15,000, and the lender is reportedly considering cutting 8,000 additional jobs.
    this looks like in plain english-Cheating
 
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