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On the occasion of the publication of its financial report 2018, Deutsche Bank announces its intention to reduce its variable costs by one billion euros in 2019, 21.8 billion, a goal lowered by 200 million compared to that set in 2018.
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The German financial institution also claims to aim to reduce its full-time staff below the 90,000 mark by the end of the current year, compare 91,737 end 2018 and 97,535 end 2017.
More positively, he believes his CIB (Corporate and Investment Banking) division is expected to achieve 'controlled' revenue growth in 2019 from targeted investments and resource deployments.
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