DEUTSCHE BANK REPLACES CEO – @John Cryan has officially been asked to step down from his role as CEO within Deutsche Bank. After weeks of speculation the bank made an announcement that @Christian Sewing would now be assuming the position of CEO, Sewing will start effective immediately. Cryan is expected to leave the bank at the end of the month. Between the years of 2008-2011 Cryan was considered a troubleshooter after the successful direction of the Swiss bank UBS during the financial crisis. Markus Riesselmann, analyst at Independent Research said “He had to battle serious problems that his predecessors swept under the rug for years. He’s largely cleared those up and now it looks like Deutsche can’t turn things around regarding margins. But I doubt a new CEO could successfully make that transition.” #SpartanInternational