What did Deutsche Bank CEO Christian Sewing say to managers?

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Christian Sewing Rebuked London Managers for Ordering Suits Amid Layoffs

Deutsche Bank CEO Christian Sewing stated that he personally rebuked two London-based managers who ordered custom suits on the same day thousands of traders were informed of their job losses. Sewing conveyed his strong disapproval of their actions, emphasizing that such behaviour is inconsistent with the bank's values.
Managers Summoned Tailors During Department Closure

The incident involved two managers who arranged for tailors to fit suits at their London office on a Monday. This occurred concurrently with the bank having to inform numerous colleagues in share trading that their positions were being eliminated due to the closure of their department. The custom-tailored outfits were reportedly from Fielding and Nicholson and could cost as much as £1,500 each.
CEO Expressed Disbelief and Disappointment

Sewing conveyed his astonishment and disappointment, stating to German business daily Handelsblatt, "I can’t understand that someone would call tailors to fit suits on Monday." He added that he expects the managers "won’t forget my call," indicating a stern personal intervention.
Actions Contradicted Bank's Stated Values

The CEO explicitly stated that the managers' behaviour "in no way corresponds with our values." This sentiment underscores a broader effort by Deutsche Bank, under Sewing and his predecessor John Cryan, to move away from an image perceived as solely focused on aggressive growth and large bonuses, particularly in the years leading up to and following the 2008 financial crisis. The bank has incurred significant costs, amounting to billions of euros, due to lawsuits and scandals stemming from its rapid expansion prior to 2008.

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What did Deutsche Bank CEO Christian Sewing say to managers?

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