Deutsche Bank Says WFH Cost Savings Are `Not Immaterial'

The transcript discusses the impact of the corona crisis on cost reductions, particularly in travel, entertainment, and real estate. It highlights Deutsche Bank's strategies for managing costs, including the shift to video meetings and remote work. The bank has seen significant savings and operational stability with over 65,000 employees working from home. The future of client meetings is expected to involve more video conferencing, though in-person meetings will remain essential. Overall, the crisis has prompted a reevaluation of travel and meeting practices, leading to more efficient and cost-effective operations.

What are some of the costs that banks can cut due to the corona crisis?

What challenges does the speaker mention that have arisen due to the corona crisis?

How has the approach to client meetings changed during the corona crisis?

What lessons did Deutsche Bank learn regarding travel and real estate costs?

How did the corona crisis affect the number of employees working from home at Deutsche Bank?

What is the speaker's view on the future of internal meetings post-crisis?

What percentage reduction in travel for client meetings does the speaker anticipate?