Jain’s Deutsche Bank Strategy Decision Looms After Fine
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Anshu Jain resolved one of his toughest challenges yet as Deutsche Bank AG co-chief executive officer, settling probes into interest-rate rigging with the lender’s record fine. He has little time to pause.
The bank’s management may decide as soon as Friday whether to reverse an expansion into consumer banking with a full or partial sale of the business, two people with knowledge of the discussions have said. It will probably be the bank’s biggest overhaul since Jain and co-CEO Juergen Fitschen took the helm almost three years ago.