How has the bank's cost management strategy been described?
Deutsche Bank Said to Prep for Potential Merger by Mid-Year
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The video discusses a government-brokered merger between Deutsche Bank and Commerzbank, which has led to a decline in their share prices. The market is surprised by the merger's timeline, as the CEO had previously ruled out any actions before 2020. The CEO's turnaround plan aims to present a profit and cut costs, but challenges remain due to declining revenues.
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What challenges is the CEO facing regarding revenue decline?
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