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Deutsche Bank CFO Urges Staff to Cut Travel to Hit Cost Goal

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Bloomberg’s Laura Keller reports on Deutsche Bank AG’s cost-cutting activity. (August 9.)(Source: Bloomberg)
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Deutsche Bank AG’s chief financial officer wants staff to think twice before booking a flight.

James von Moltke urged employees in a memo circulated Friday to “take every opportunity to restrict non-essential travel” until the end of the year. “With your help, we will meet our cost-reduction targets,” he wrote.