Deutsche Bank trembles. According to "Manager-magazin", in fact, the German institute could be overwhelmed by the scandal on the manipulation of the Libor exchange rates to the point that Anshu Jain could lose his seat as co-CEO of the bank. Again according to sources, Deutsche Bank is already looking for a possible replacement for Jain so as not to compromise too much if his involvement in the affair is demonstrated.
According to many, the favorite for Jain's possible replacement would be John Cryan, a former UBS member and currently a member of the group's supervisory board and head of Singapore's sovereign wealth fund.
