Deutsche Bank Jumps as New CEO Cryan is Announced

June 8 -- Deutsche Bank AG shares surged the most in more than two years as investors welcomed a management overhaul at Germany’s biggest bank. John Cryan, a supervisory board member since 2013, was named the next chief executive officer in a surprise announcement Sunday. He’ll replace co-CEO Anshu Jain at the end of the month and become sole CEO when Juergen Fitschen steps down next May.

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