• Deutsche Bank's cost-cutting is so savage that it's even stopped buying fruit for its staff

    One year ago - By Business Insider

    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-cutting measure is to reportedly stop buying fresh fruit for staff.
    According to the Financial Times' City Insider gossip column, the bank circulated a memo on May 3 telling staff...
    Read more ...