Deutsche Bank chairman on the future of the bank and industry

German lender is in ‘clean-up phase and have set the conditions to make progress,’ Paul Achleitner says

Deutsche Bank chairman on the future of the bank and industry

Deutsche Bank last month presented a new strategy to boost profits and its share price, both of which lag rivals. But investors have reacted coolly, setting the stage for a potentially tumultuous shareholder meeting May 21.

Investors and proxy advisers are already grumbling over costly litigation related to issues including interest-rate manipulation. Large shareholders are privately questioning the management of co-chief executives Anshu Jain and Jürgen Fitschen, particularly their ability to turn the giant German bank around after missing financial targets.

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