Deutsche Bank is back making headlines today as the German firm is reorganizing its Asset Management division for the second time in a year, by bringing in a new chief to oversee operations.
CEO John Cryan is struggling to get the bank back on course after many years of questionable operations. Cryan also faces a massive $14 billion Justice department settlement proposal, which the bank rebuffed last week.
The bank’s stock has been trading near a 10-year low, while German regulators deal with growing fears that a government liquidity injection may be called for.
This week Germany’s Social Democratic finance lawmakers met behind close doors to discuss Deutsche’s fragile state and what would the German government’s response would be to a liquidity event, according to a Bloomberg report.