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...Storbeck, despite the fact that the bank’s top brass had publicly backed the executive.Then there was the decision to impose a reduction on bonuses, including a €145,000 cut for chief executive Christian Sewing...
...It could spell the end for low-quality synthetic fibre, shoddy sewing and other production shortcuts — and for apparel that falls apart in the wash....
...Sewing-machine sales also picked up as customers took to making their own face masks....
...Following the collapse of merger talks with rival Commerzbank last spring, chief executive Christian Sewing embarked on a radical overhaul of Deutsche that entails it refocusing on commercial banking and...
...Christian Siriano, the American designer whose career was launched by reality show Project Runway, and who now serves as the show’s on-screen mentor, is currently sewing surgical face masks in bulk for the...
...Analysts doubt that Mr Sewing will achieve the group’s 2019 target of lifting return on tangible equity to above 4 per cent, with consensus forecast standing at just 1.8 per cent....
...Christian Sewing’s big restructuring plan at Deutsche triggered its biggest quarterly loss since 2015....
...Since Sewing ended merger talks last month, attention has focused on suitors for jilted Commerzbank, but DB’s fate is that much more important....
...It looks like chief executive Christian Sewing wants to go it alone and is preparing a new strategic plan with the aim of convincing investors the company can flourish as a standalone business, people briefed...
...But a crucial hold up has been whether Deutsche boss Christian Sewing has the government’s backing to shred the tens of thousands in jobs needed for this deal to make sense financially....
...(WSJ) Christian Sewing’s DB failure Eight months into the job, Deutsche Bank’s chief executive has failed to deliver on his big promise: to make Germany’s largest lender more boring....
...Christian Sewing, the new chief executive of the Frankfurt-based bank, has vowed to shake up the global division, the bank’s largest, as he tries to put an end to years of losses and litigation....
...A version of this article was first published by the Nikkei Asian Review on November 4 2018. ©2018 Nikkei Inc....
...Larry Sloven, an executive at Capstone, which sells China-made LED lighting in the US, said it was much easier to move sewing machines to a new country than to replicate the complicated network of suppliers...
...Mr Moreau adds that Mr Sewing, a 30-year veteran of the bank, is focused on “accelerating the execution of the strategy rather than changing the strategy”....
...Comcast on Wednesday said it had made progress on sewing up the financing needed for a Fox takeover....
...Telecoms behemoth AT&T borrowed $22.5bn on Thursday in the third largest corporate bond sale on record, sewing up the financing for its $85.4bn takeover of HBO owner Time Warner....
...A version of this article was first published by the Nikkei Asian Review on January 16 2018. ©2018 Nikkei Inc. All rights reserved....
...The combined business will be run by Christian Sewing and Frank Strauss....
...Dell has agreed sell its enterprise content division (ECD) – sewing up one of the last remaining non-core asset disposals it needs to make following its deal to acquire data storage company EMC for $63bn...
...Website | Subscribe. ©2016 Nikkei Inc. All rights reserved....
...I remember my mother sewing brown leather patches to the elbows of my uniform (a hideous black and maroon-striped blazer) even when I had long grown out of it....
...The deal, which will see a fantasy games developer bed down with iron ore miner, comes as insurer Anbang gatecrashes a $13bn deal for Starwood Hotels and Resorts; itself barely 24 hours after sewing up a...
...Christian Sewing The 45-year-old Christian Sewing is a Deutsche lifer, having joined the bank’s Bielefeld branch in north-west Germany in 1989 on an apprenticeship....
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