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.
For two of the bank’s managers spared from the cuts, the occasion proved the perfect opportunity to revamp their wardrobes. However, according to a report in the UK’s Independent newspaper, executives at the bank did not find the timing of the tailors’ visit very appropriate.
Christian Sewing, the chief executive at Deutsche Bank, reportedly stated:
“That someone would let a tailor come on such a day is disrespectful.”
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 “forget [his] telephone call.”
As if to rub salt in Deutsche Bank’s wounds, one of the clothing specialists arriving to measure up the managers carried a black fabric bag with the word “Bitcoins” printed on the side.
La photo de la semaine aura eu des répercussion chez @DeutscheBank : "Je ne peux pas comprendre que quelqu'un appelle son tailleur lundi pour essayer des costumes quand, le même jour, nombre de leurs collègues devaient partir" (CEO) https://t.co/IzLKzrZUlj pic.twitter.com/K4uCri2fzi
— Grégory Raymond (@gregory_raymond) July 12, 2019
We’re 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 Bank’s CEO or the tailor in question provided comment on the tailors’ amusing choice of transportation methods for the expensive new suits.
Coincidence or spectacular trolling by Deutsche Bank executives? What do you make of this tailor’s choice of luggage? Let us know in the comments below!
Images courtesy of Twitter.