John Cryan made the CEO of Deutsche Bank

Deutsche Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors. John Cryan, 54, has been on the bank’s supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Anshu Jain from July 1 and become the sole CEO when Juergen Fitschen steps down next year, the bank said. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering. 

Read Financial Express full report here.