BLOOMBERG: Deutsche Bank Jumps as New CEO Cryan is Announced

Deutsche Bank AG shares surged the most in more than two years as investors welcomed a management overhaul at Germany’s biggest bank. John Cryan, a supervisory board member since 2013, was named the next chief executive officer in a surprise announcement Sunday. He’ll replace co-CEO Anshu Jain at the end of the month and become sole CEO when Juergen Fitschen steps down next May.