Deutsche Bank Taps Into Employee Perks for Cutting Costs

The transcript discusses Deutsche Bank's efforts to cut costs, focusing on small expenses due to legal and cultural constraints. It highlights the impact of past leadership under John Cryan and the current CEO's challenges in maintaining morale while implementing restructuring plans. The bank faces difficulties with severance packages and legal issues with labor unions, leading to a focus on trimming minor costs. The cultural shift aims to reduce cost overruns and prioritize revenue generation.

What are the implications of smaller severance packages for departing employees?

In what ways is Deutsche Bank attempting to change its corporate culture regarding cost overruns?