Nicholas Comfort

The firm's CEO said performance at the wealth management and investment banking units has failed to recover in the first quarter with “challenging conditions” continuing into this year.

The German bank has faced questions and criticism in recent years about its internal controls.

To reach profitability, it's necessary for leaders to conduct a "brutal and open self-analysis," says UBS Chairman Axel Weber. Several of the firm's rivals have changed CEOs this year.

Deutsche Bank co-Chief Executive Officer John Cryan is considering the biggest overhaul of the lender’s management structure in more than a decade, according to a person with knowledge of the matter.

After the Federal Reserve Bank of New York was said to have faulted the regulatory reports of some of the firm’s U.S. businesses last year, the bank dropped in Frankfurt trading.

Citigroup, the U.S. bank that cut unwanted assets 25% last year, should no longer be expected to offer clients unlimited financial services, Chief Executive Officer Michael Corbat said.