Deutsche Bank shares jump after activist investor discloses 3% stake

Thomas Lohnes | Getty Images

Christian Sewing, the new CEO of Deutsche Bank, speaks at the Deutsche Bank annual shareholders’ meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor performance by Deutsche Bank, are calling for Achleitner to step down.

A former J.P. Morgan Chase executive turned activist hedge fund investor has taken a 3.1 percent stake in Deutsche Bank as the beleaguered German lender works on a turnaround story.

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