Deutsche Bank CEO Investing 15% of Monthly Pay in Bet on Shares

Photographer: Alex Kraus/Bloomberg where his mouth is. The chief executive officer will invest 15% of his monthly net salary in the lender’s shares, starting with a 22,144 euro ($24,303) investment on Aug. 30, Deutsche Bank filings show. That goes beyond standard practice at German companies, where senior executives are frequently awarded stock as part of their bonuses. Sewing kicked off Deutsche Bank’s biggest overhaul in recent memory earlier this year after attempts by his predecessors failed to restore the globally-important lender to profitability. The bank has yet to convince investors that it can meet goals for raising revenue in businesses it wants to keep, while exiting stock trading and firing staff across the firm. The stock purchase program runs from …

Pound Off Lows But Still Under Pressure as Brexit Showdown Looms

Photographer: Miles Willis/Bloomberg wouldn’t delay the country’s exit from the European Union, and left the The pound may not have much room to recover for now, according to Valentin Marinov, head of G-10 currency strategy at Credit Agricole CIB, who says Johnson is laying the groundwork for a confrontation with the House on Tuesday. “Risks of an early vote are still on the table,” Marinov wrote in an email, noting that the prime minister’s speech hadn’t sustained the pound’s rally. Sterling remains 0.78% lower on the day versus the dollar, and around 90.92 pence versus the euro. The currency may drop as low as $1.10 if a mandate is secured for a no-deal departure from the EU, according to Lee …