Kirch

2 results

Protesters outside Deutsche Bank’s headquarters in Frankfurt recently wearing masks depicting former chief executive Josef Ackermann, co-chief executive Juergen Fitschen, former board member Tessen von Heydebreck and former chief executive Rolf Breuer. Photograph: Ralph Orlowski/Reuters

The German dramatist Bertolt Brecht once remarked drily that breaking into a bank is nothing compared to founding a bank. His observation hangs in the(...)

Jürgen Fitschen ( left) and Anshu Jain, co-chief executives of Deutsche Bank at a news conference in Frankfurt to announce plans to reduce annual costs by a further €3.5 billion,  cut back its ownership in the Postbank consumer unit and shrink the securities business to revive profitability. Photographer: Martin Leissl/Bloomberg

Germany’s largest financial institution, Deutsche Bank, has entered a crucial phase in its 145 year history: presenting a €3.5 billion savings and re-(...)