The German-based investment bank and financial services company announced that its restructuring is business model to “become more profitable, improve shareholder returns and drive long-term growth.”
As part of the move, the organization plans to exit its global equities business, and reduce its corporate and investment banking risk weighted assets.
The transformation is expected to cost 7.4 billion euros and cut 18,000 jobs by 2022.
Jaguar Land Rover Looks to Accelerate the Manufacturing of its Electric Vehicles
The automaker plans to increase its line of electric cars in the United Kingdom.
The first vehicle expected to be manufactured will be its all electric Jaguar XJ model.
As part of its new plans the company will open a new battery assembly center that is expected to be in operation in 2020.
Shiseido Launches a Monthly Beauty Subscription Service
The Japanese multinational personal care company announced that its launching an Internet of Things subscription-based product called Optune.
The new service offers and sends personalized skincare products based off of several data points including sleep patterns and a user’s surrounding environment.