General Manager Deutsche Bank criticized two top executives who commissioned cutting-edge tailoring in their London office when 18,000 layoffs were announced, especially in New York, Tokyo and London. Christian Sewing stated: "That someone has a tailor in the office for such a day is a sign of immense disrespect. Behavior that is completely contrary to our values".
After two men with travel bags were spotted that they had left the bank giant's premises earlier this week, it turned out that they were from them Fielding & Nicholson, a luxury tailor. They entered the offices of some senior staff for home apparel testing at $ 1,800.
In addition to making 18,000 job cuts by 2022, Deutsche is positioned on the side of most of the stock trading business, as it reduces the investment banking business, which expanded at a high pace before the financial crisis. Under the sewing and former director, Deutsche Bank was struggling to repair an image overshadowed by a series of scandals ranging from unjustified sale of mortgage loans to the inability to prevent Russian money laundering.
The director in the administration earned 7 million euros, including bonuses (basic salary is 2.9 million euros; Stuart Lewis, which is responsible for the risks, has added 150 thousand euros per month to operations aimed at improving ".relationship with US controllersHead of Investment Banking Garth Ritchie received € 8.6 million, including € 250 thousand per month for "consulting"for DB about Brexit."
Previously, al Guardian: "Investment banking is a trap, a game and a drug: the prize is big, but uncertain, and is therefore exciting and asking you more and more."In a completely anonymous form, he later admitted:"When I went to the boss's office to receive my annual bonus, it was crucial that I did not leave any signs that I was satisfied with the amount: I came up with a poker face, left the poker face. Then I thought to myself: I can not believe they give it to me so much money for a year's work"But it concludes:"Euphoria does not last. You have paid a huge amount, but it is a monetized compromise in the bonus: you have given up the respect".