Deutsche Bank Breaks The Pizza Barrier : Planet Money One of the biggest international banks--Deutsche Bank--is laying off 18,000 workers and cutting costs to try and save itself from going under. How did things get so bad?
NPR logo

Deutsche Bank Breaks The Pizza Barrier

  • Download
  • <iframe src="https://www.npr.org/player/embed/740506511/753763552" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Deutsche Bank Breaks The Pizza Barrier

Deutsche Bank Breaks The Pizza Barrier

Deutsche Bank Breaks The Pizza Barrier

  • Download
  • <iframe src="https://www.npr.org/player/embed/740506511/753763552" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The German international bank, Deutsche Bank, is laying off 18,000 workers, cutting costs by 25 percent, and reorganizing its services. They are even starting to sell off parts of the business.

But before the financial crisis in 2008, Deutsche Bank was one of the biggest banks, most well known banks in the business. But the bank always had a weakness: It loves big risks. Those risks nearly took it down during the financial crisis and when the bank survived, it kept right on risking. The trouble is, the risks didn't pay off and now the bank is struggling to survive.

Today on the Indicator, what happened to Deutsche Bank, and how could they have learned from sister-bank, JP MorganChase.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.