Deutsche Bank, Germany’s largest lender, is considering possibly replacing co-chief executive Anshu Jain, if he is implicated in an ongoing probe into currency manipulation, according to a magazine report yesterday.
Without revealing its sources, the monthly Manager Magazin said former UBS chief financial officer John Cryan is being eyed as Jain’s possible replacement.
A spokeswoman for Deutsche Bank initially refused to comment on the report, saying, “We do not comment on speculation and gossip.”
It later said, regarding the speculation about Cryan, that “this rumour is categorically false and irresponsible”.