German investment bank faces angry shareholders after announcing a wide-ranging restructuring that could hit the City hardDeutsche to cut headcount from 97,000 to well below 90,000Jobs at risk at Postbank, the City, and the USBank employs 8,500 people in the UKCEO: We must focus on what we do wellMove follow three years of lossesChairman Paul Achleitner faces no-confidence vote today 3.05pm BST Newsflash: Shares are dropping across the globe, after Donald Trump dramatically cancelled next month’s summit meeting with North Korea.In a letter just released, the US president said he was cancelling the meeting with Kim Jong Un “for the good of both parties, but to the detriment of the world”. Related: Trump cancels North Korea nuclear summit A letter from the President to Chairman Kim Jong Un: “It is inappropriate, at this time, to have this long-planned meeting.” pic.twitter.com/3dDIp55xu1 2.52pm BST Deutsche Bank’s AGM may drag on for some time yet, as there are scores of shareholders keen to have their say….Exactly the kind of error you need to make at a bad news AGM #DeutscheBank https://t.co/qGj1AK1g6M“If there are signs those targets are in jeopardy… then we on the supervisory board have to act swiftly and decisively.” Continue reading…
Via: Deutsche Bank to slash more than 7,000 jobs – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…