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 (...)

Protesters outside Deutsche Bank’s headquarters in Frankfurt recently wearing masks depicting former chief executive Josef Ackermann, co-chief executive Juergen Fitschen, former board member Tessen von Heydebreck and former chief executive Rolf Breuer. Photograph: Ralph Orlowski/Reuters

The German dramatist Bertolt Brecht once remarked drily that breaking into a bank is nothing compared to founding a bank. His observation hangs in the(...)

Deutsche Bank jointchief executive Jürgen Fitschen (fourth from right) and the former Deutsche Bank CEOs Rolf Breuer (third from right) and Josef Ackermann (fifth from right) wait for their trial in connection with the Kirch  bankruptcy in Munich. Photograph  by Jörg Koch/Getty Images

A fresh chapter in the long-running legal woes of Germany’s Deutsche Bank opened yesterday in Munich when joint chief executive Jürgen Fitschen appear(...)

Jürgen Fitschen ( left) and Anshu Jain, co-chief executives of Deutsche Bank at a news conference in Frankfurt to announce plans to reduce annual costs by a further €3.5 billion,  cut back its ownership in the Postbank consumer unit and shrink the securities business to revive profitability. Photographer: Martin Leissl/Bloomberg

Germany’s largest financial institution, Deutsche Bank, has entered a crucial phase in its 145 year history: presenting a €3.5 billion savings and re-(...)