Co-CEOs of Deutsche Bank Bow Out
They’re the latest heads to roll. Germany’s largest lender, hit with tougher regulation and legal woes like the Libor scandal, will see its chief, Anshu Jain, step down at the end of June. Co-CEO Jürgen Fitschen, meanwhile, will go next May. The bank has recently suffered job cuts and closed branches, causing widespread criticism. Much of it has been aimed at Jain, though Fitschen is currently on trial for allegedly giving false testimony. John Cryan, a Brit who once headed UBS, will soon take the helm.