This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33044802
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Deutsche Bank shares jump 6% after resignations | |
| (about 3 hours later) | |
| Shares in Deutsche Bank have jumped 6% the day after the German banking giant's co-chief executives resigned. | |
| Juergen Fitschen and Anshu Jain resigned during an emergency meeting of the bank's supervisory board on Sunday. | Juergen Fitschen and Anshu Jain resigned during an emergency meeting of the bank's supervisory board on Sunday. |
| The bank has been hit by a series of scandals recently, including a $2.5bn (£1.7bn) fine for its part in rigging the Libor inter-bank lending rate. | The bank has been hit by a series of scandals recently, including a $2.5bn (£1.7bn) fine for its part in rigging the Libor inter-bank lending rate. |
| Mr Jain will be replaced by John Cryan, who will become sole chief executive when Mr Fitschen leaves in May 2016. | Mr Jain will be replaced by John Cryan, who will become sole chief executive when Mr Fitschen leaves in May 2016. |
| Deutsche Bank is also paying $55m (£35.7m) to settle civil charges for allegedly mis-stating financial reports. | Deutsche Bank is also paying $55m (£35.7m) to settle civil charges for allegedly mis-stating financial reports. |
| As well as legal and regulatory issues, the management changes follow disappointing financial performance at the bank. | As well as legal and regulatory issues, the management changes follow disappointing financial performance at the bank. |
| Net income for the first three months of 2015 halved to €559m compared with the same period a year earlier. | Net income for the first three months of 2015 halved to €559m compared with the same period a year earlier. |
| This is despite revenue rising by almost a quarter to €10.4bn. | This is despite revenue rising by almost a quarter to €10.4bn. |