Please wait...
GulfBase Live Support
- Bahrain King orders speedy delivery of 50,000 new homes
- UAE's ADQ, Energy Capital partners to launch $25bn US venture
- Tadawul approves Merrill Lynch Kingdom of Saudi Arabia as market maker for 20 listed securities
- Oil Updates - prices rise on demand outlook strength, weaker US dollar
- HIA unveils state-of-the-art Concourses D and E; annual airport capacity scales up to 65mn
- Deutsche Bank to cut 2,000 jobs: CEO
- Lesha Bank CEO in Forbes Middle East's 'Top 40 Asset Managers list for 2025'
- Saudi Arabia grants $97.5m exploration licenses for first mineral belts at Jabal Sayid, Al-Hajjar
- Madinah's licensed hospitality facilities grow by 93%: official data
- UAE Central Bank maintains rates, following US move
20/03/2025 06:04 AST
Germany's biggest lender Deutsche Bank said Wednesday it planned to cut 2,000 jobs this year in its retail banking division due to falling profits.
"Where we have to turn around the ship from a profitability point of view is clearly in the retail personal bank in Germany," the group's chief executive Christian Sewing told a conference in London.
"We will take out almost another 2,000 people in the personal bank this year" in Deutsche Bank and its subsidiary Postbank, he added.
He said the move is "already provisioned in terms of restructuring costs" in the company's 2024 books, "but is executed now".
Deutsche Bank laid off 3,500 support staff last year to lower costs. It employs 90,000 people around the world.
It announced in September that it would close 50 of its 400 Deutsche Bank local branches this year and more than 200 in Postbank.
AFP
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
19/03/2025
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the Europ
Reuters
19/03/2025
Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. The company sai
AFP
19/03/2025
Türkiye's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Recep Tayyip Er
Asharq Al Awsat
19/03/2025
Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructu
AFP
19/03/2025
Egypt's President Abdel Fattah El-Sisi has announced that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional "situation," as Yemen's Houthis have been attac
Reuters
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia