Executive Turnover Clouds Deutsche Bank’s Wall Street Future

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Executive Turnover Clouds Deutsche Bank’s Wall Street Future
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Deutsche Bank has proposed promoting its investment-bank finance chief to Americas CEO as it looks for ways to stabilize its Wall Street presence

Executive turnover and banker defections are complicating Deutsche Bank AG’s efforts to stabilize its Wall Street presence.

The German banking giant is discussing naming its fourth U.S. head in less than four years, according to people close to the bank. And two senior New York bankers are poised to leave, threatening a loss of key clients and possibly other staff, in what would be the most prominent departures from the U.S. operations this year. This comes as the lender prepares to unveil investment-bank cuts, which are likely...

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