Monday, 8 June 2015

Deutsche Bank bosses resign following Libor manipulation scandal

From The Guardian –

“The two joint chief executives of Deutsche Bank are to step down, in an unexpected move that comes shortly after the investment bank was fined for its role in Libor manipulation and criticised for its conduct.

After an unscheduled meeting held by the bank’s supervisory board on Sunday, the German lender said that Anshu Jain would leave at the end of this month, with Jürgen Fitschen staying on until the bank’s annual meeting in 2016. Jain will continue to advise the bank as a consultant until January.”

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