Deutsche Bank tightens worldwide procedures on new hires: memo

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Deutsche Bank tightens worldwide procedures on new hires: memo
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Deutsche Bank , in the midst of a major restructuring and headcount reduction, i...

FILE PHOTO: The logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. REUTERS/Simon Dawson

The memo, dated Wednesday and seen by Reuters, said that any new hires would require explicit approval from the bank’s chief executive officer Christian Sewing, as well as his deputy Karl von Rohr and finance chief James von Moltke.

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