______________________________________________________________
Deutsche Bank's co-CEOs, Juergen Fitschen and Anshu Jain have announced that they will stand down, with Mr Jain leaving on June 30th and Mr Fitschen following in 2016.
John Cryan who is now a member of the bank’s supervisory board and the former chief financial officer of UBS will takeover.
The German bank has been rocked by a series of scandals which have seen it pay €9bn in fines since 2012, with another €4bn expected to be paid in 2015.
______________________________________________________________
Finance Minister, Michael Noonan will meet opposition parties today to discuss the draft terms of reference for the inquiry into the former Anglo Irish Bank.
The Commission of Investigation will examine all write-offs at IBRC worth more than €10m euro - as well as any special interest rates which resulted in borrowers saving over €4m.
It comes amid reports the minister will come under pressure to widen the scope of the inquiry and to publish an interim report before the end of the year.
______________________________________________________________
David Cameron has told Eurosceptic ministers they will be forced to quit if they want to campaign for the UK to leave the European Union.
Speaking at the G7 summit in Bavaria, the Prime Minister said the Government would not be "neutral" during the in/out referendum campaign.
"We have a clear view: renegotiate, get a deal that's in Britain's interest and then recommend Britain stays in it," he said.
In a warning shot to Tory MPs, Mr Cameron added: "If you want to be part of the Government, you have to take the view that we are engaged in an exercise of renegotiation to have a referendum that will lead to a successful outcome.
"Everyone in government has signed up to the programme set out in the Conservative manifesto."
______________________________________________________________
The Irish Small and Medium Enterprises Association says banks are delaying the creation of jobs around the country.
The body says companies are being forced to wait up to two months for decisions on loan applications.
ISME says this is preventing many firms from expanding - CEO Mark Fielding says with 29 percent of applications still pending banks are jeopardising job creation.
Additional reporting by IRN
