Will a Hiring Freeze Be Enough for Deutsche Bank?

Deutsche Bank is implementing a company-wide hiring freeze to save approximately €1.9 billion amid financial pressures, including a DOJ settlement and market concerns about capital increase. The bank has already cut dividends, bonuses, and 9000 jobs. Despite these measures, market reactions suggest more actions are needed. Compliance and risk controls are spared from cuts due to ongoing DOJ negotiations. Deutsche Bank faces challenges in attracting talent and has lost market share in investment banking. The bank aims to stabilize and rebound by focusing on restructuring and regaining market share.

What is the primary reason for Deutsche Bank's hiring freeze?

• To expand their workforce

• To save approximately €1.9 billion

• To launch new products

• To increase market share

Which area is being spared from Deutsche Bank's hiring freeze?

• Marketing

• Investment banking

• Compliance risk controls

• Retail banking

What is one potential strategy Deutsche Bank is considering to cut costs?

• Increasing bonuses for top management

• Selling or IPOing asset management

• Expanding their retail unit

• Hiring more employees

What major deal did Deutsche Bank miss out on, impacting their market share?

• Apple's acquisition of Beats

• Amazon's purchase of Whole Foods

• Bayer Monsanto deal

• Google's acquisition of Fitbit

What was a significant consequence of Deutsche Bank's internal focus in the first half of the year?

• Expansion into new markets

• Launch of new products

• Loss of market share

• Increased market share