July 8, 2019 / 1:40 PM / 8 days ago

Deutsche Bank CEO pledges to buy bank's sliding shares in wake of restructuring

Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City, U.S., July 8, 2019. REUTERS/Andrew Kelly

FRANKFURT (Reuters) - Deutsche Bank chief executive officer said on Monday that he plans to invest a “substantial amount” of his fixed salary in the lender.

CEO Christian Sewing announced the commitment to analysts when explaining the lender’s restructuring. Shares were down about 5% as he spoke and hit a record low last month.

He said that he would be “putting his money where his mouth is” and that details would be announced soon.

Reporting by Tom Sims; Editing by Tassilo Hummel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below