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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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 .