|Bid||11.71 x 555100|
|Ask||11.72 x 230000|
|Day's Range||11.39 - 11.80|
|52 Week Range||6.75 - 12.56|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||22.62|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 24, 2019|
|1y Target Est||N/A|
The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to chairman Paul Achleitner as the end of his term nears, two people with knowledge of the matter said. Achleitner is due to retire next May after 10 difficult years in office that saw two changes of CEO, billions of euros of losses and huge fines. With less than a year to go, the bank's supervisor, the ECB, is still waiting for Deutsche to identify a successor and has ratcheted up pressure on Germany's biggest bank and its chairman in recent months, the people said.
Europe’s top banking regulator is pushing Deutsche Bank to find a successor to chair Paul Achleitner, who will leave in May 2022 when his second five-year term expires. The European Central Bank has repeatedly urged Germany’s largest lender to come forward with a clear succession plan in recent months, people briefed on the matter told the Financial Times. “Corporate governance is a key regulatory priority [for the ECB],” one of the people said, adding that the succession was a key matter for discussion between the bank and the regulator.
Deutsche Bank warned of a €300m hit to its 2021 profits as Germany’s largest lender digested the financial fallout of a court verdict that nullified past increases of current account fees in its home market. In April, it disclosed that it would miss its 2021 cost-cutting target by €400m due to it having to pay more than expected into the EU’s bank bailout funds. It will also shoulder a €70m payout to Germany’s private banking deposit insurance scheme, which suffered a hit of more than €3bn from the collapse of Greensill Bank.