Deutsche Bank's share price ends day 4pc higher as boss resignations continue to please

Sarah Spickernell
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John Cryan will take over as sole chief executive (Source: Getty)

Yesterday's resignation by Deutsche Bank co-chiefs Juergen Fitschen and Anshu Jain is still going down very well with investors.

This morning, shares rocketed seven per cent in value, and have continued to do well throughout the day. When markets closed, they were 3.57 per cent higher at €28.60.
The pair stood down during an emergency meeting of the bank's supervisory board on Sunday. Anshu Jain plans to leave by the end of June, while Jürgen Fitsche will stay on until the bank's annual shareholder meeting next May. John Cryan, a former UBS AG finance chief, will become the sole chief executive.
The bank has had a troubled time recently – not only did net income for the first three months of the year halve to €559m (£411m) compared to 2014, but it faces a series of legal difficulties including a $2.5bn (£1.7bn) fine for its involvement in rigging the Libor inter-bank lending rate.
Shareholders have placed an increasing amount of pressure on the bank to turn itself around in recent weeks.

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