The Traderszone Network

Published in TZ Latest News 7 June, 2015 by The TZ Newswire Staff

Deutsche Bank appoints new CEO to appease investors

Germany’s largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anushu Jain in the latest shakeup by a European bank following the financial crisis. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering. Cryan, 54, has been on the bank’s supervisory board since 2013 and was a former chief financial officer of UBS.