Managers at the struggling Deutsche Bank are in hot water with executives after arranging to have expensive tailored suits delivered on the same day as the firm announced huge layoffs. By either spectacular coincidence or elite-level trolling, the tailors delivered the outfits in Bitcoin-branded bags.
Deutsche Bank has been having a rough time of late. In addition to fines and dwindling profits, the German investment bank is at the centre of a US Justice Department-led investigation into its involvement in funds missing from the 1Malaysia Development Bhd. fund in 2014. The bank is suspected of laundering billions of dollars from the fund.
The ongoing troubles have forced Deutsche Bank to undergo a vast restructuring. As part of the $8.34 billion reshuffle, reported in The Guardian, the firm will layoff 18,000 employees around the world.
SponsoredFor two of the bankâs managers spared from the cuts, the occasion proved the perfect opportunity to revamp their wardrobes. However, according to a report in the UKâs Independent newspaper, executives at the bank did not find the timing of the tailorsâ visit very appropriate.
Christian Sewing, the chief executive at Deutsche Bank, reportedly stated:
âThat someone would let a tailor come on such a day is disrespectful.â
Whilst Sewing did not comment on whether there would be formal disciplinary action taken against the managers, he did say that he doubted whether they would âforget [his] telephone call.â
As if to rub salt in Deutsche Bankâs wounds, one of the clothing specialists arriving to measure up the managers carried a black fabric bag with the word âBitcoinsâ printed on the side.
La photo de la semaine aura eu des rĂ©percussion chez @DeutscheBank : "Je ne peux pas comprendre que quelqu'un appelle son tailleur lundi pour essayer des costumes quand, le mĂȘme jour, nombre de leurs collĂšgues devaient partir" (CEO) https://t.co/IzLKzrZUlj pic.twitter.com/K4uCri2fzi
â GrĂ©gory Raymond đł (@gregory_raymond) July 12, 2019
Weâre not sure whether this is a monumental coincidence or spectacular tongue-in-cheek trolling from the tailor at London-based Fielding & Nicholson but either way the timing is exceptional. Unfortunately, neither Deutsche Bankâs CEO or the tailor in question provided comment on the tailorsâ amusing choice of transportation methods for the expensive new suits.
Coincidence or spectacular trolling by Deutsche Bank executives? What do you make of this tailorâs choice of luggage? Let us know in the comments below!
