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Deutsche Bank - Page 2

Deutsche Bank co-CEOs step down

The bank announced the joint resignations Sunday of Co-CEOs Anshu Jain and Juergen Fitschen. John Cryan, a member of the firm's supervisory board, will take over. Jain will step down on June 30, the bank said, but will remain as a consultant from July 1, 2015, to January 2016. Fitschen will remain in his current role until May 19, 2016, to help ensure a smooth transition. Ref. USAToday

Bank Deutsche

Deutsche Bank to cut 9,000 jobs, sell businesses

Deutsche Bank said it is cutting 9,000 jobs and selling businesses with a further 20,000 jobs in an announcement Thursday, after reporting a net loss of 6 billion euros ($6.6 billion). Ref. USAToday

Deutsche Bank History & Civil Business Politics

Deutsche Bank won't pay £10.6bn fine to settle US mortgage investigation:

Deutsche Bank said it had no intentions of paying the $14 billion (£10.6bn) fine sought by the US Department of Justice to settle civil claims regarding its handling of mortgage-backed securities that contributed to the 2008 financial crisis. Ref. Source 5v.

Page 2 Bank Deutsche

Workers told to clear desks by 11am. Deutsche Bank staff were in tears and told to clear their desks out by 11am after the banking giant announced a bombshell global purge. Source 2t.