Christian Sewing being asked to step back at Deutsche unit, sources say
Regulators say the Deutsche Bank CEO has too much on his plate, leaving the investment bank open to operational hazards, according to sources
28 January 2021 - 12:13
Frankfurt — Regulators are pressing Deutsche Bank CEO Christian Sewing to relinquish day-to-day oversight of its sprawling investment bank, two people with knowledge of the matter said.
European Central Bank officials have held conversations with Deutsche Bank managers, including Sewing, in which they said the CEO should delegate direct control of the division to another board member, according to the sources, who were involved in or briefed on the discussions...
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