Finance Breaking news Deutsche Bank to close 20% of German branches last financial news

Breaking-Finance.Com - Deutsche Bank is set to close 100 of its 500 German branches as it seeks to cut costs by taking advantage of customer migration to digital channels, which has accelerated during the Covid-19 pandemic.

Finance Breaking news Deutsche Bank to close 20% of German branches last financial news

Breaking-Finance.Com - Deutsche Bank is set to close 100 of its 500 German branches as it seeks to cut costs by taking advantage of customer migration to digital channels, which has accelerated during the Covid-19 pandemic.

Finance Breaking news Deutsche Bank to close 20% of German branches last financial news
22 September 2020 - 18:15

Breaking-Finance.Com - Deutsche Bank is set to close 100 of its 500 German branches as it seeks to cut costs by taking advantage of customer migration to digital channels, which has accelerated during the Covid-19 pandemic. German retail banking business chief Philipp Gossow tells Reuters that the closures will mostly come in urban areas and take place "as quickly as possible".

.In May, the bank made clear that it viewed Covid-19 as a cost-cutting opportunity, noting that home working and video-conferencing could be money saver.The branch closures also come in the context of a 2019 plan to shed 18,000 jobs, equivalent to one fifth of the global workforce, and invest €13bn on new technology over the next four years.

Source = Breaking-Finance.Com

Financial breaking news

This news 17 hits received.

Finance Breaking news Deutsche Bank to close 20% of German branches last financial news


Finance Breaking news Deutsche Bank to close 20% of German branches last financial news


Finance Breaking news Deutsche Bank to close 20% of German branches last financial news


Finance Breaking news Deutsche Bank to close 20% of German branches last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Medici takes controlling stake in Caribbean blockchain outfit Bitt last financial news
Finance Breaking news Medici takes controlling stake in Caribbean...
Finance Breaking news ECB blames third-party network device for Target2 collapse last financial news
Finance Breaking news ECB blames third-party network device for...