The Supervisory Board of Deutsche Bank has announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities.
We could do without another blow-up.
Anshu Jain, Deutsche Bank Co-CEO and Co-Chairman, spoke with Bloomberg Television's Stephanie Ruhle today about the bank's business strategy, financial regulation and industry outlook.
Deutsche Bank defended plans to raise $10.92bn in equity on Thursday, as its top executives faced investors at the lender's annual shareholders' meeting less than a week after announcing the surprise plan.
Deutsche Bank chairman Paul Achleitner has given strong support to the lender's twin leaders who have been embroiled in a number of scandals, magazine Der Spiegel reported on Sunday.
Anshu Jain won the job of Deutsche Bank co-chief executive officer after leading its investment bank to record profit. Two years later that rainmaker role is coming back to haunt him.
Deutsche Bank is on track to meet its 2015 targets in investment banking, it said on Thursday after restating its 2013 results to include around $487m of settlement costs and around $69m to cover impaired assets.
Deutsche Bank is considering John Cryan, the former finance chief of UBS, as a potential replacement for co-Chief Executive Anshu Jain should he be implicated in an ongoing investigation into currency manipulation, a German magazine reported on Wednesday.
The reputational risks surrounding Deutsche Bank have grown and it still has some way to go to win back public trust and prove it can overhaul its corporate culture, the bank's two chief executives said on Wednesday.
Deutsche Bank has made 2014 into a make-or-break year for co-Chief Executives Anshu Jain and Juergen Fitschen, who have stuck to ambitious targets for the bank that could be threatened by its long list of legal problems.