Deutsche Bank Plans to Cut as Many as 20,000 Jobs in Revamp

The video discusses Deutsche Bank's plans to cut 20,000 jobs, overhauling its global workforce and possibly exiting its US equities business. Steven Aaron, a German banking reporter, explains the bank's restructuring efforts under CEO Christian Sewing, who aims for a more significant transformation than previous attempts. The bank has struggled with profitability, and the new plan targets deeper cuts in the investment banking sector, moving away from competing directly with US banks.

How many jobs is Deutsche Bank planning to cut?

What major changes is Deutsche Bank planning to implement?

Why has Deutsche Bank been struggling for many years?

What has been the previous approach of Deutsche Bank's CEOs towards restructuring?

What does the new plan for Deutsche Bank envision regarding the investment bank?