Europe slips lower, Deutsche Bank surges up to 5% – CNBC
Europe slips lower, Deutsche Bank surges up to 5% – CNBC
The bank said it will appoint John Cryan to become co-chief executive effective July 1, 2015 to replace Anshu Jain who steps down on June 30, 2015.
Read MoreDeutsche Bank: Why the dual-CEO system failed
The lender also said co-CEO Juergen Fitschen to remain in his current role until conclusion of annual general meeting on May 19, 2016 and after Fitschen’s departure on May 19, 2016, Cryan will become sole CEO.
U.S. stocks opened slightly lower on Monday as investors eyed a calmer bond market and weighed greater expectations of tightening following Friday’s strong jobs report.
In other corporate news, shares in pharmaceutical group Shire slipped around 2 percent after a report from the U.K.’s Sunday Times reported the firm is mulling a £12 billion ($18.32 billion) takeover of Swiss biotech group Actelion. Actelion shares surged near the top of the Stoxx Europe 600, trading over 8 percent higher.
U.S. stocks opened slightly lower on Monday as investors eyed a calmer bond market and weighed greater expectations of tightening following Friday’s strong jobs report.Diageo shares were also in focus, rallying around 6.2 percent to the top of the FTSE 100 after reports of a possible bid from Brazil’s richest man Jorge Paulo Lemann, who founded private equity firm 3G Capital.
Europe slips lower, Deutsche Bank surges up to 5% – CNBC
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Europe slips lower, Deutsche Bank surges up to 5% – CNBC
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