Deutsche Bank Is Hurting, But Shareholders Aren't Giving Up--Yet

Credit: Wochit
Published on May 23, 2019 - Duration: 00:46s

Deutsche Bank Is Hurting, But Shareholders Aren't Giving Up--Yet

Deutsche Bank's stock fell nearly 3% to a new record low Thursday as the annual meeting of the company's shareholders heard CEO Christian Sewing and chairman Paul Achleitner pledge new cost cuts but stop short of announcing a more dramatic overhaul.

According to CNN, patience with the troubled bank is running thin.

Revenue at Deutsche Bank is falling faster than it can trim expenses, and legal and regulatory scrutiny continue to generate negative headlines in Europe and the United States.

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