Deutsche Bank’s Sewing to Cut Management Roles as Costs Rise (Bloomberg) -- Deutsche Bank AG said it plans to reduce management roles and cut headcount over coming years, after higher-than-expected costs marred its results in the final months of last year.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for

Deutsche Bank AG plans to cut management roles and reduce headcount due to rising costs that affected its recent results. CEO Christian Sewing aims to operate a leaner bank while balancing cost controls and growth investments. The bank's expenses rose 14% year-over-year, leading to a revised cost-to-income target of below 65%. Deutsche Bank is focusing on improving efficiency and has plans for €2.1 billion in capital distributions this year, including dividends and share buybacks. Despite challenges, revenue from fixed-income trading rose 26% in the fourth quarter.