BNP Paribas, Deutsche Bank embrace cost discipline in Q1

European
banks
BNP
Paribas
and
Deutsche
Bank
plan
to
pull
back
on
expenses
this
year
as
they
lean
into
their
tech
investments.
“We
are
maintaining
our
cost
discipline,”
Deutsche
Bank
Chief
Executive
Christian
Sewing
said
during
the
$578
billion
bank’s
first-quarter
earnings
call
April
25.
“2023
marked
the
peak
of
our
investments,
but
we
continue
[…]