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Deutsche Bank shares are soaring following the announcement that the company's co-CEOs, Anshu Jain and Juergen Fitschen, will step down early.
The bank's shares were up 5.7 percent in midday trading Monday in Frankfurt at 29.20 euros — by far the biggest gainer on the DAX index of leading German shares, which was off 0.6 percent.
Their successor will be British banker John Cryan, initially as co-CEO with Fitschen and then in sole charge.
Under Jain and Fitschen, Deutsche Bank has struggled to get over legal issues put dating back years and has seen disappointing profits.
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