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Deutsche Bank CEO admits turnaround plan is a flop

John Cryan, head of Germany's largest lender, initiates US$8.5b share sale to salvage 17-month failed effort

The bank's stock is 29 per cent lower than when Mr Cryan took the helm in 2015.


DEUTSCHE Bank AG chief executive officer John Cryan tore up his own turnaround plan in an admission that the 17-month-old effort had flopped.

Germany's largest bank late on Sunday approved measures - most crucially, plans to raise about US$8.5 billion in a share sale -

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