March 28, 2018 / 2:00 PM / 5 months ago

Berlin declines to comment on reports Deutsche Bank seeking new CEO

BERLIN (Reuters) - The German government on Wednesday declined to comment on reports that lender Deutsche Bank (DBKGn.DE) has begun searching for a new chief executive.

FILE PHOTO: A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

“Deutsche Bank is a private company. I’ll therefore refrain here from doing any speculation...,” government spokesman Steffen Seibert said during a news conference.

Two people familiar with the matter told Reuters on Tuesday that Deutsche Bank’s chairman of the board, Paul Achleitner, is looking for a new CEO to replace John Cryan as investors grow frustrated with the slow turnaround of the loss-making German lender.

Reporting by Michael Nienaber, editing by Thomas Escritt

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