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Deutsche Bank Co-Chief Executives Resign
Keywords:
Anshu Jain, co-CEO of Deutsche Bank, will be replaced by John Cryan, a former UBS executive, who has no connections to investment banking. Deutsche Bank's investment banking operations would have to take on more leverage to be competitive with larger investment banks, according to experts. This would put the bank in serious problems with regulators. Another problem evident at the recent shareholders meeting is that the old management is perceived as part of the problem that led to large legal settlements with authorites. Anshu Jain leaves at the end of June, and the other co-CEO Jurgen Fitschen will leave in 2016. This closes a chapter in Deutsche Bank's history in which its image in Germany has suffered badly because of investigations.
Anshu Jain, co-CEO of Deutsche Bank
06/07/2010
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Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
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Deutsche Bank Deserves Bite Bair Gave It
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Executive Who Committed Suicide Anxious Amid Deutsche Bank Probes
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German Financial Watchdog Bites Back
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Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said
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Deutsche Bank's image in Germany 2008-2015
01/02/2009
Deutsche Bank's image takes a hit in an alleged carbon credit value added tax fraud. Its headquarters in Frankfurt are raided by German police and investigators. Co-CEO Jurgen Fitschen's call to the Governor of Hesse protesting the raid is criticized in Germany as intervening in an ongoing investigation of the bank. Earlier Deutsche Bank's role in the 2008 financial crisis with its participation in the mortgage securities market in the U.S. came under criticism. This also raised the question whether a change in management with the two new co-CEO's made in mid 2012 has changed the culture at the bank.
Grouped Articles
Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
Deutsche Bank Deserves Bite Bair Gave It
Wall Street Journal 06/07/2010
Deutsche Loss Underlines European Economy’s Dependence on Banks
New York Times 01/20/2014
Executive Who Committed Suicide Anxious Amid Deutsche Bank Probes
Wall Street Journal 03/26/2014
German Financial Watchdog Bites Back
Wall Street Journal 03/28/2014
Deutsche Bank's strategy review in 2015 and plans for selling Postbank and retail operations
04/20/2015
The Executive Board of Deutsche Bank is considering sale of Post Bank. By selling Postbank which it acquired for $6 billion in 2008 and disposing of the retail operations, Deutsche Bank would end up becoming more of an investment bank like Goldman Sachs in the U.S. Deutsche Bank is considering the sale of $200 billion in assets.This is the plan favored by investors which led to an increase in share price by 32% in 2015. Unicredit bank in Italy closed half of its retail branches and shifted to online banking.
Grouped Articles
Deutsche Bank Leaning Toward Disposing of Postbank
Wall Street Journal 04/20/2015
Deutsche Bank’s Realism Makes Bleak Reading
Wall Street Journal 04/27/2015
Deutsche Bank Shakes Up Its Business, and Maybe Its Identity
New York Times 04/27/2015
Economist 04/25/2015
Deutsche Bank Chairman Paul Achleitner on the Future of the Bank, Industry
Wall Street Journal 05/14/2015
Shareholders’ Rebuke Pressures Deutsche Bank CEOs to Perform
Wall Street Journal 05/24/2015
Deutsche Bank strategy
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Fears Remain After Deutsche Bank's Cash Haul
Wall Street Journal 05/02/2013
Wall Street's Giants Try 'Flow Monster' Formula
Wall Street Journal 05/20/2013
Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
Deutsche Bank Deserves Bite Bair Gave It
Wall Street Journal 06/07/2010
Deutsche Bank to Scale Back Commodities Business
Wall Street Journal 12/06/2013
Deutsche Bank management
01/15/2009
Grouped Articles
Fears Remain After Deutsche Bank's Cash Haul
Wall Street Journal 05/02/2013
Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
Michael Coers' Bittersweet Exit from Deutsche Bank
BusinessWeek 06/04/2010
Deutsche Bank Deserves Bite Bair Gave It
Wall Street Journal 06/07/2010
Deutsche Loss Underlines European Economy’s Dependence on Banks
New York Times 01/20/2014
The culture and atmosphere at Deutsche Bank as it goes through federal German investigations in 2013-2015
09/04/2013
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Executive Who Committed Suicide Anxious Amid Deutsche Bank Probes
Wall Street Journal 03/26/2014
German Financial Watchdog Bites Back
Wall Street Journal 03/28/2014
Friction at Zurich Built in Months Before Suicide
Wall Street Journal 09/04/2013
Deutsche Bank Vows New Culture of Ethics
New York Times 05/19/2014
Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said
Wall Street Journal 07/23/2014
Fed Is Said To Criticize Deutsche Bank's Oversight and Reporting Efforts
New York Times 07/22/2014
Deutsche Bank strategies
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Deutsche Bank Chiefs Say Lender Is Stronger
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German Financial Watchdog Bites Back
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Deutsche Bank Plans to Raise $11 Billion
Wall Street Journal 05/19/2014
Deutsche Bank: Mo' Money, Still Problems
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Full Steam Ahead for Deutsche Bank
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Deutsche Bank Vows New Culture of Ethics
New York Times 05/19/2014
Deutsche Bank U.S.
01/15/2009
Grouped Articles
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
Deutsche Bank Deserves Bite Bair Gave It
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Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said
Wall Street Journal 07/23/2014
Fed Up With Deutsche Bank Missteps
Wall Street Journal 07/24/2014
Deutsche Bank Finance Chief Faces Heat After Financial-Reporting Exposure
Wall Street Journal 07/24/2014
Deutsche Bank Co-Chief Executives Resign
New York Times 06/07/2015
Restoring Deutsche Bank's image in Germany in 2015- (1) the new management
05/24/2015
Linked Articles
Shareholders’ Rebuke Pressures Deutsche Bank CEOs to Perform
Wall Street Journal 05/24/2015
Deutsche Bank Co-Chief Executives Resign
New York Times 06/07/2015
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