Deutsche Bank CFO Says Cost Cuts Will Include Job Losses

The video discusses the outlook for net interest income amid changing rate environments, highlighting the strong performance of deposit books in corporate and private banks. It explores the long-term benefits of higher rates and the temporary nature of deposit beta effects. The discussion includes capital release and potential returns to shareholders, emphasizing the bank's strong capital position. Cost management strategies are outlined, focusing on maintaining a flat cost base, offsetting inflation, and investing in technology and controls.

What is the expected duration for the benefits of higher rates to persist according to the speaker?

• Until 2023

• Into 2025 and beyond

• Only for the current year

• Until the end of 2024

What is the company's CET one common equity tier one percentage mentioned in the discussion?

• 13.9%

• 15.0%

• 14.2%

• 12.5%

What is the company's goal regarding its cost base?

• To increase costs by 5%

• To maintain a flat cost base

• To double the cost base

• To reduce costs by 10%

How much was the initial gross reduction in costs announced by the company?

• 2 billion

• 3 billion

• 1 billion

• 2.5 billion

What is one of the main reasons for job reductions mentioned in the transcript?

• Expansion into new markets

• Decrease in market demand

• Technological advancements and efficiency improvements

• Increase in operational costs