Deutsche Bank Tackles Ackermann Legacy in Strategy Revamp
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Deutsche Bank AG co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.
The leaders, scheduled to present their strategy for the Frankfurt-based lender on Sept. 11, are poised to explain how Deutsche Bank plans to increase capital without tapping shareholders, overcome interbank lending probes and cut costs by 3 billion euros ($3.8 billion) as revenues slump.