Merkel Coalition Lawmakers Applaud Deutsche Bank’s CEO Shakeup
This article is for subscribers only.
Lawmakers in German Chancellor Angela Merkel’s coalition and the opposition applauded the shakeup at Deutsche Bank AG, saying the co-chief executive officers’ replacement will strengthen the country’s biggest bank.
The joint leadership of Anshu Jain and Juergen Fitschen held back the Frankfurt-based bank, said Hans Michelbach, a legislator in Merkel’s Christian Democratic-led bloc who speaks on finance policy. John Cryan, the supervisory board member named Sunday to replace them, symbolizes change, he said.