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Berlin declines to comment on reports Deutsche Bank seeking new CEO

Published 03/28/2018, 09:59 AM
Updated 03/28/2018, 10:02 AM
© Reuters. FILE PHOTO: FILE PHOTO: A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt
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BERLIN (Reuters) - The German government on Wednesday declined to comment on reports that lender Deutsche Bank (DE:DBKGn) has begun searching for a new chief executive.

"Deutsche Bank is a private company. I'll therefore refrain here from doing any speculation...," government spokesman Steffen Seibert said during a news conference.

© Reuters. FILE PHOTO: FILE PHOTO: A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt

Two people familiar with the matter told Reuters on Tuesday that Deutsche Bank's chairman of the board, Paul Achleitner, is looking for a new CEO to replace John Cryan as investors grow frustrated with the slow turnaround of the loss-making German lender.

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