John Cryan, co-chief executive officer of Deutsche Bank, says pay in the sector is  still too high. Photograph: Jasper Juinen/Bloomberg

For most leaders, admitting they do not understand something is a no-no, but not so Deutsche Bank’s new co-chief executive John Cryan – at least when (...)

Deutsche Bank new chief executive John Cryan (R) and co-chief executive Juergen Fitschen address a news conference in Frankfurt, as bank reveals plans to cut its  workforce by 15,000

Deutsche Bank is slashing 15,000 jobs and shedding assets in which some 20,000 staff are employed, as new chief executive John Cryan starts to implem(...)

 Scandal-plagued Deutsche Bank has announced a sweeping business and management shake-up that would “fundamentally change” its leadership structure. (Photograph: DANIEL ROLAND/AFP/Getty Images)

Deutsche Bank is restructuring its business, splitting its investment bank in two and parting ways with some of its top bankers as the new chief exec(...)

John Cryan, who took over in July as Deutsche Bank’s co-chief executive from Anshu Jain. Photograph: Sebastian Derungs/AFP/Getty Images

Deutsche Bank’s new head has announced a radical overhaul of the bank’s senior management and structure, parting ways with several top executives and (...)

Deutsche Bank: chief executive John Cryan presented preliminary details of the cost-cutting plan to members of the supervisory board at the weekend. A spokesman for the bank declined to comment. Photograph: Sergei Karpukhin/Reuters

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of its staff, through layoffs mainly in technology activities and by spinning off (...)

JP Morgan Chase: one of the top five US banks that are moving ahead of their European rivals in global investment banking. Photograph: Stan Honda/AFP/Getty Images

US banks are moving ahead of their European rivals in global investment banking, taking advantage of strategic upheavals and concerns over capital to (...)

Tidjane Thiam (52), started work as chief executive of Credit Suisse on Wednesday. File photograph: Simon Dawson/Bloomberg

Credit Suisse’s new chief executive told staff in a memo on Wednesday the Swiss bank needed a strong balance sheet to help it through rough times and (...)

Guinness owner Diageo is reportedly being eyed up by Brazilian billionaire Jorge Paulo Lemann and his partners in private equity firm 3G Capital. (Photograph: Eric Luke / The Irish Times)

European shares fell on Monday, weighed down by a drop in agrochemicals group Syngenta although Deutsche Bank outperformed to surge higher after boar(...)

 Germany’s largest lender Deutsche Bank purged its leadership on June 7th, 2015, appointing Briton John Cryan as chief executive to replace co-CEO Jain just two weeks after Jain was given more power to reorganise the bank. (Photograph: Ralph Orlowski/Reuters)

Germany’s largest lender Deutsche Bank has purged its leadership, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks(...)

Nobel Prize winner Professor John O’Keefe at University College Cork, where he delivered a lecture at a neuroscience symposium and received an honorary doctorate. Photograph: Daragh Mc Sweeney/Provision.

An Irish-American scientist, who earlier this year was awarded the Nobel Prize, has been conferred with an honorary doctorate from University College (...)