Operating Cost Cuts to continue in 2015-Deutsche Bank

Big 5

Deutsche Bank says it expects operating cost cuts to continue in 2015 as fines loom. Its chief financial officer, Stefan Krause said: “We should see a decrease in the underlying cost base coming.” Regulatory charges – finance people prefer that term to fines and being sued – are expected to increase in some areas, he said. “We have litigation settlements of the bank as well as other banks (and that) influences the operational risk map and that one is for sure going to increase,” he added. “We regretfully can’t give you a better outlook.”

Source: BBC News

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