Deutsche Culls Senior Management
In an attempt to meet challenging cost: income targets, Deutsche Bank has culled 111 senior managers. The retail and private bank is seeking to lower the ratio from 77 per cent to 60 per cent. It has decided to merge three layers of management into one and dispense with the services of eight per cent of its managing directors and directors. The bank will also close three hundred branches and cut external consultants.
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Lars Says Sorry Lars Windhorst, the German financier at the centre of the H2O scandal, has apologized to investors who lost money. H2O, a French asset management vehicle owned by…
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The AI Wild West The FT focuses on the use of artificial intelligence by employees. It refers to the lack of corporate training, policies and cyber protection as employees chart…
HSBC Sued for Scamming Response Following a deep dive in banks’ scamming arrangements, the Australian Securities and Investments Commission has decided to sue HSBC. It alleges that the bank has…
Tokyo Introduces 4 Day Week Employees of the Tokyo Metropolitan Government will be able to work four days a week. They will be given a choice of which additional day…