Deutsche Bank CEO advised to relinquish investment bank
04 November 2019 - 16:56
Frankfurt — Deutsche Bank’s top supervisors told CEO Christian Sewing they would prefer him to hand oversight for investment banking to someone else so he can fully focus on his main role, said people familiar with the matter.
The European Central Bank (ECB) and Germany’s BaFin raised the issue in informal talks with Sewing and aren’t pushing for immediate change, the people said, asking not to be identified discussing the private information. They signalled a handover of the responsibility in 2020 could be sufficient, the people said...
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