Deutsche Bank, Germany's largest lender, is considering possibly replacing co-chief executive Anshu Jain if he is implicated in an ongoing probe into currency manipulation, according to a magazine report today.
Without revealing its sources, the monthly Manager Magazin said former UBS chief financial officer John Cryan is being eyed as Jain's possible replacement.
A spokeswoman for Deutsche Bank initially refused to comment on the report, saying: "We do not comment on speculation and gossip."
It later said, regarding the speculation about Cryan, that "this rumour is categorically false and irresponsible".
