Monday, July 8
FT News Briefing
00:00
Major Restructuring and Job Cuts at a European Banking Giant
This chapter delves into the recent restructuring at a prominent European bank, focusing on the decision to cut 18,000 jobs and create a unit for managing non-performing assets. It examines the factors driving these changes, such as low profitability and declining stock value, while outlining the new strategic direction initiated by the bank's leadership.
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Transcript
