Speed Reads

Goodbye

Deutsche Bank co-CEOs resign

Deutsche Bank co-CEOs Anshu Jain and Jürgen Fitschen resigned Sunday, the Wall Street Journal reports. The moves follow the German Bank's $2.5 billion settlement for manipulation of interest rates on trillions of dollars worth of debt and the Britain subsidiary pleading guilty to fraud.

Jain will leave at the end of the month and Fitschen will stay on until next May. They will be replaced by John Cryan, a member of the bank's supervisory board.