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Shares of Deutsche Bank jump on management purge

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Some investors were hopeful that Mr Cryan would be able to take more radical action than his two ousted predecessors

Frankfurt

THE appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany's largest lender up 8 per cent on Monday as investors judged the Briton a more credible contender than his two ousted predecessors to revive the bank's fortunes.

Mr Cryan faces one of