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Jain Criticized in Absentia as Germany Holds Hearing

Deutsche Bank AG co-Chief Executive Officer Anshu Jain is facing criticism from politicians and his own predecessor for a decision not to attend a German hearing on rate rigging today.

Jain stayed away from the discussions about banks’ alleged manipulation of the London Interbank Offered Rate at parliament’s Finance Committee in Berlin. Stephan Leithner, the bank’s head of compliance, went in his place.