Deutsche Bank to Increase Closure of Outdated IT Infrastructure Beyond Initial Plans
Revised Article:
Deutsche Bank had a disappointing year in terms of savings due to complications with Postbank integration. Now, they've got their sights set high for their retail banking division. Claudio de Sanctis, the man in charge of retail banking on the board, explicitly shared their goal to save a whopping 350 million euros next year, as revealed in an interview with The Financial Times.
Frankfurt's banking giant has been on a mission to rein in expenses across all fronts. As of 2024, they managed to save €1.8 billion out of a €2.5 billion cost saving target. This relentless pursuit of cost savings is part of a broader plan to beef up operational efficiency, chiefly focusing on digital transformation and strategic partnerships[1][2][3].
To dig deeper into Deutsche Bank's ambitious cost-saving targets for their retail banking sector by 2026, it's advisable to scrutinize their official communications or catch up with other interviews with key executives, such as the aforementioned chat with Claudio de Sanctis in The Financial Times.
The Deutsche Bank's retail banking division aims to save 350 million euros next year, as announced by Claudio de Sanctis in an interview with The Financial Times. This cost-saving goal is part of Deutsche Bank's broader plan to boost operational efficiency through digital transformation and strategic partnerships.
