Monday, 9 April 2018

British-born boss of Deutsche Bank sacked after years of big losses.

John Cryan, the outgoing CEO of Germany’s 
Deutsche Bank, left, will be replaced by Christian Sewing, right 
(REUTERS/Ralph Orlowski)
Germany’s biggest lender, Deutsche Bank, has sacked its UK-born boss after years of heavy losses.

John Cryan, who was installed as chief executive just three years ago, paid the price for failing to turn around the bank.

“Following a comprehensive analysis we came to the conclusion that we need a new execution dynamic in the leadership of our bank,” Paul Achleitner, the chairman of the company’s supervisory board, said in the statement.

By Mark Norman.

Full story at Yahoo News.

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