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deutsche bank extends ceo contract amid management changes and turnaround efforts
Deutsche Bank has extended CEO Christian Sewing's contract while announcing the departure of its deputy and another top executive as part of a management overhaul. This move solidifies the leadership team of Germany's largest lender as it embarks on the next phase of its turnaround strategy. The bank's modern history includes significant events such as its expansion into investment banking in 1989, the failed merger with Dresdner Bank in 2000, and the acquisition of Postbank in 2008, reflecting its evolving strategy and challenges over the years.
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