Top Firm Staff Preparing For What May Be Biggest Shake Up In 8 Years

Whole lotta shaking' goin' on! ! Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years, Bloomberg has learned.

The leaders, scheduled to present their strategy for the Frankfurt-based lender on Sept. 11, are poised to explain how Deutsche Bank plans to increase capital without tapping shareholders, overcome interbank lending probes and cut costs by 3 billion euros ($3.8 billion) as revenues slump.

The co-CEOs join peers from UBS AG (UBSN) to Nomura Holdings Inc. in revamping their business as stricter capital rules make some operations unprofitable and Europe’s sovereign-debt crisis drags on....

Read all about it at http://www.bloomberg.com/news/2012-09-09/deutsche-bank-ceos-tackle-ackermann-legacy-in-strategy-overhaul.html