DEUTSCHE BANK'S COST-CUTTING IS SO SAVAGE THAT IT'S EVEN STOPPED BUYING FRUIT FOR ITS STAFF

Unsplash / Alona Kraft Deutsche-Bank/' title='Deutsche Bank News'>Deutsche Bank has reportedly stopped buying fresh fruit for staff as part of a drive to cut costs. A memo reported by the Financial Times says a decision was made by Deutsche's "cost catalyst steering committee" to remove the perceived unnecessary cost. The bank, which appointed a new CEO in April, is cutting back aggressively in numerous areas of its Business after several hard years. Deutsche Bank's latest cost-...

BusinessInsider (Date:05/18/2018 09:13) Read full article >>

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Deutsche Bank PhotoDeutsche Bank: Coordinates: 50650N 8407E 50.11389N 8.66861E 50.11389 8.66861
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Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Financial: Finance is the science[citation needed] of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
Times: Multiplication is the mathematical operation of scaling one number by another. It is one of the four basic operations in elementary arithmetic .
April: April is the fourth month of the year in the Julian and Gregorian calendars, and one of four months with a length of 30 days.
Insider: An insider is a member of any group of people of limited number and generally restricted access. The term is used in the context of secret, privileged, hidden or otherwise esoteric information or knowledge: an insider is a "member of the gang" and as such knows things only people in the gang know.
Financial Times PhotoFinancial Times: The Financial Times is one of the world's leading business news and information organisations. The FT is owned by Pearson PLC.
Deutsche: In German, Deutsche is the feminine adjectival form for Deutsch "German" . The people of Germany are Deutsche .