Deutsche Bank bosses won't step down

Deutsche Bank - Foyer Bridge

The co-chief executives of Deutsche Bank ruled out stepping down despite criticism from investors over a series of fines and legal problems that have hit the bank, in an interview published in a German newspaper.

Reuters reports that the bank, fined a record $2.5bn for manipulating benchmark interest rates, is due to face shareholders at its annual investor meeting on May 21.

Shareholder advisory firm ISS has said Deutsche Bank investors should not exonerate the executive board of the lender.

Anshu Jain, co-chief executive of the bank, said he expected some criticism from shareholders at the meeting, but that he would not be stepping down.

To access the complete Reuters article hit the link below:

Deutsche Bank co-CEOs say they will stay on - paper

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