Deutsche Bank Weighs Shake-Up as Regulatory Frustrations Continue
- Firm is under pressure to prove it’s fixing internal controls
- Deutsche Bank is also revamping its U.S. management team
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Deutsche Bank AG’s management changes have yet to run their course.
Germany’s largest lender is replacing senior executives in the U.S. and is considering changing staff who tend its relationships with regulators, according to a person with knowledge of the matter. The moves come on the heels of strong cuts to the U.S. operations and after authorities in the country -- and in Europe -- expressed frustration with the firm’s efforts to prevent financial crime.