Christian Sewing

Deutsche Bank raises Postbank pay by 12.5% in new cost headwind

Roughly 8,700 employees at the Postbank retail business will see their wages go up by 7% in June and then receive a second raise of 4.5% in July next year

For Sewing, the pay cut related to the Postbank issue was around 281,000 euros.

Banking & Finance

Deutsche Bank CEO's 2023 pay dips to 8.7 million euros

Deutsche Bank CEO Christian Sewing earned 8.7 million euros (S$12.68 million) in 2023, down slightly from 8.9 million euros in 2022 after a fall in profit, the bank said in its annual report on Thursd...

Christian Sewing, chief executive officer of Deutsche Bank, says the German lender will hit a goal of keeping expenses at 5 billion euros (S$7.27 billion) in the first quarter and the full-year figures will be around 20 billion euros.

Companies & Markets

Deutsche Bank CEO Sewing vows to keep expenses in check

Deutsche Bank chief executive officer Christian Sewing vowed to meet previous cost targets, saying he’s working on additional measures.

Christian Sewing, chief executive officer of Deutsche Bank, expects headcount to decline as he seeks to meet a promise to cut expenses below 62.5 per cent of revenue by 2025.

Companies & Markets

Deutsche Bank chief says more job cuts coming

Deutsche Bank is starting another round of job cuts as chief executive officer Christian Sewing doubles down on efforts to lower expenses and lift profitability.

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