Comment on Deutsche Bank Names CFO Amid Financial Reporting and Legal Troubles

Deutsche Bank Names CFO Amid Financial Reporting and Legal Troubles

SAN FRANCISCO (TheStreet) --aDeutsche Bank named a new chief financial officer late Tuesdayaas the Germanabank faces pressure from regulators and investors over its financial reporting and legal troubles. Stefan Krause, who has served as Deutsche Bank's CFO since 2008, will step down after the bank's annual general meeting in May. He will be replaced at that time by Marcus Schenck, who is coming from Goldman Sachs , where he is general manager and deputy CFO.a Must Read: Warren Buffett's Top 10 Dividend Stocks In the meantime, Krause will also be assuming a new role at the bank, effective Nov.

 

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