Deutsche Bank new chief flags record Q3 loss, plans to axe 23,000 staff
John Cryan also warns of possible 2015 dividend cut
Frankfurt
DEUTSCHE Bank's new boss John Cryan set about cleaning up Germany's biggest bank, flagging a record pre-tax loss of six billion euros (S$9.5 billion) for the third quarter and warning investors to brace for a possible 2015 dividend cut.
Mr Cryan became chief executive in July with a promise to cut costs. He is accelerating plans to shed assets and exit countries to shrink the bank and is readying to axe about 23,000 jobs or a quarter of its staff, sources told Reuters last month.
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