⚠️BREAKING: *DEUTSCHE BANK SHARES JUMP AFTER POSTING 11TH STRAIGHT QUARTERLY PROFIT, REVEALS JOB CUTS $DB $DBK 🇩🇪🇩🇪
) is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies.
Deutsche's performance reflected a quarterly increase in income from higher interest rates that offset a slump in revenues at its investment bank. Deutsche's deposits dropped 5% in the first quarter from the end of last year, but executives said they have been increasing during the month of April.https://www.reuters.com/graphics/DEUTSCHEBANK-STRATEGY/zdpxdkabepx/chart_eikon.jpg
Deutsche Bank set out in 2019 to reduce dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability.
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