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File Footage of the local Deutsche Bank in Berlin, Germany
This footage was filmed and produced 1 February 2024.
In Berlin, at Kurfuerstendamm, the local Deutsche Bank branch stands as a testament to the bank's enduring presence amidst significant operational changes on February 1, 2024. Despite reporting a profitable year, Deutsche Bank, Germany's largest bank, has announced a substantial reduction of 3,500 jobs. This move is part of a broader strategy to enhance efficiency and streamline operations across its global network. Despite the decrease in workforce, Deutsche Bank is increasing its dividend from 30 cents to 45 cents per share, signaling confidence in its future financial health. The restructuring announcement has been positively received in the financial markets, with Deutsche Bank's shares experiencing a rise of 2.6% in early trading. This increase has helped the bank recover some of its losses since the beginning of the year.
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