CEO of Deutsche Bank says he has criticized his executives for being equipped on the day of their dismissal

Deutsche Bank President Christian Sewing said he had reprimanded the staff at his London office for being outfitted with suits the same day that many of their colleagues had been fired.

The bank announced Sunday that it would cut 18,000 jobs by 2022, reducing the volatility of its investment banking division. A large part of the investment banking business has been carried out in New York and London.

The bank was criticized after tailors were photographed leaving his London office Monday carrying suit bags. The tailors were wrongly identified as staff members, but were actually working for Fielding & Nicholson Tailoring, Financial News reported. The tailors would have been costumes, which sell for about $ 1,800, for executives not affected by the cuts, reported the media.

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Sewing told the German newspaper Handelsblatt on Thursday that he was reprimanding those who had brought the tailors to the office that day.

"I do not understand why someone from our London office ordered a tailor for tailor-made suits on Monday," said Sewing. "This behavior is by no means in keeping with our values."

When the newspaper asked him if there were any consequences, Sewing said, "If you consider the CEO personally calling his colleagues and talking to them, then yes."

He added that staff members "would not forget" this phone call.

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The involvement of Deutsche Bank in investment banking dates back to 1989, when she acquired Morgan Grenfell. However, for years the bank has had to cope with high costs, low profits and a low price of action. He has also paid billions of fines and regulations related to behavior before and after the global financial crisis. Analysts expect Deutsche Bank's exit to be a net benefit for US-based investment banks such as Goldman Sachs, Morgan Stanley and JPMorgan Chase.

Associated Press contributed to this report.