Germany's biggest lender Deutsche Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors. Cryan, 54, has been on the bank's supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Jain from July 1 and become the sole CEO when Fitschen steps down next year, the bank said. Deutsche ...
Deutsche Bank is losing some of its strongest financial performers amid a clampdown on bad behavior by traders, as the lender faces ongoing probes by global regulators into allegations of attempts to rig markets. The bank has introduced a policy of no longer rewarding the best earners on the trading floor with a promotion or the highest bonuses if they are "disruptive" or are not seen as team players, in a move that is adding ...
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