Some major Deutsche Bank investors want chairman to go early: sources [Reuters]
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Source: Reuters
Some major Deutsche Bank investors want chairman to go early: sources - Reuters 2 Min Read FRANKFURT (Reuters) - At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank’s turnaround, two people with knowledge of the matter said on Tuesday. Achleitner, whose term expires in 2022, is due to face investors at the bank’s annual general meeting on Thursday. A spokesman for Deutsche Bank declined to comment, both on behalf of the bank and Achleitner. The sources did not want to identify the three investors, and while they do not have the power to push through management change on their own, their calls are a sign of the pressures facing Germany’s biggest bank after years of failed turnarounds. In recent years, Deutsche Bank has been plagued by failed regulatory tests, ratings downgrades, big fines and management reshuffles. It posted its first profit in four years in 2018. Achleitner’s record of installing executives and
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