Deutsche co-CEO Jain will not be ousted due to Libor scandal, Reuters says

theflyonthewall.com

The current findings of regulator BaFin related to charges of manipulating Libor rates would not lead to the dismissal of Deutsche Bank's (DB) co-chief executive Anshu Jain, according to Reuters, citing people with knowledge of the matter. The Fly notes that Deutsche Bank shares trading in New York are up over 4% in pre-market trade.

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