Another Year of Anger for Deutsche Bank's Investors
- Shares down by almost half since last year’s annual meeting
- Revenue slump, legal costs create ‘headwinds’ for recovery
The Deutsche Bank AG headquarters stands in Frankfurt.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank AG investors expressed their frustration with management at the company’s annual meeting a year ago. Weeks later, co-Chief Executive Officer Anshu Jain was gone.
Now it’s Chairman Paul Achleitner and Jain’s replacement, John Cryan, who are set to feel the displeasure of shareholders when they gather in Frankfurt on Thursday. With revenue plunging and the need for capital mounting, some investors worry it may be just a matter of time before they’re asked to stump up and buy new stock.