The boss of Deutsche Bank is stepping down two years early amid continued losses at Germany's biggest lender.
John Cryan is replaced by co-deputy chief executive Christian Sewing.
British-born Mr Cryan has held the job since 2015 during which time the bank has reported three years of losses.
Chairman Paul Achleitner said: "Following a comprehensive analysis we came to the conclusion that we need a new execution dynamic in the leadership of our bank."
The lender has faced a sales slowdown and its share price has fallen 30% this year.
Mr Cryan will leave Deutsche Bank at the end of the month. His contract was due to run until 2020.
Mr Achleitner said: "Despite his relatively short tenure as chief executive, John Cryan has played a critical role in the almost 150 year history of Deutsche Bank – and laid the groundwork for a successful future of the bank. The supervisory board in general and I personally are grateful for this."
Mr Sewing, who has been with Deutsche Bank for more than 25 years, has been appointed as chief executive with "immediate effect".
Deutsche Bank announced the decision after an emergency board meeting, called by Mr Achleitner, to discuss succession on Sunday.
According to Reuters, he began a search to replace Mr Cryan after the bank reported an annual loss of €500m (£436m) at the end of February.
That followed losses of €6.8bn in 2015 and €1.4bn in 2016.
Mr Cryan was appointed as co-chief executive in July 2015 to overhaul the bank following a number of regulatory problems stretching back to before the financial crisis.
He was also tasked with controlling the bank's spiralling costs and quickly cut thousands of jobs.
However, after becoming sole chief executive in 2016, the lender continued to struggle, in large part because of a slump in its investment banking division which accounts for more than half of sales.
In resolving its legal difficulties, it also incurred a series of heavy penalties, including a $7.2bn (£5.9bn) payment to US authorities in 2016 over an investigation into mortgage-backed securities.
At that time, it was considered to be the most dangerous bank in the world after the International Monetary Fund (IMF) found that a potential collapse of Deutsche posed the biggest risk to the stability of the global financial system.
Also in June 2016, Deutsche Bank's US division failed a stress test conducted by the Federal Reserve, America's central bank.
Deutsche Bank and Banco Santander's US unit were the only two of 33 banks to fail the test to see how they would perform in a financial crisis.
Markus Riesselmann, an analyst at Independent Research, told the AFP news agency: "[Mr Cryan] had to battle serious problems that his predecessors swept under the rug for years.
"He's largely cleared those up and now it looks like Deutsche can't turn things around regarding margins. But I doubt a new chief executive could successfully make that transition.
"It seems rather to be a fundamental 'Deutsche Bank problem'."
Commenting on the new chief executive, Mr Achleitner said: "In his more than 25 years at Deutsche Bank, Christian Sewing has proven himself a strong and disciplined leader.
"The supervisory board is convinced that he and his team will be able to successfully lead Deutsche Bank into a new era. We trust in the great ability of this bank and its many talents."
According to observers, his appointment points to a strategic shift at the lender towards retail banking in its home market Germany.
Mr Sewing was most recently responsible for Deutsche Bank's private and commercial bank.
Deutsche Bank also announced that the co-head of its corporate and investment banking, Marcus Schenck, is leaving.
Leslie Cheung: Asia’s gay icon lives on 15 years after his death
For the past 15 years fans of tormented superstar Leslie Cheung, one of the first celebrities to come out as gay in Asia, have gathered at Hong Kong's Mandarin Oriental Hotel to mourn the day he took his own life.
It's a poignant sign of why the daring and troubled star is still important today.
One of Hong Kong's most popular male singers and actors of the mid-1980s, Leslie Cheung Kwok Wing was not afraid of provoking controversy with his overt sexuality and provocative performances during a more socially conservative era.
And 15 years after his death, Cheung is still attracting new fans, including teenagers and millennials.
Lam, a 15-year-old who attended 1 April's vigil, was only a few months old when Cheung died. She told BBC Chinese she had "discovered him on YouTube".
"He was charismatic; especially when he went androgynous…it's gorgeous," she said.
Meanwhile, 25-year-old Wu travelled from Hunan province on mainland China with his boyfriend to mourn the icon.
Wu told BBC Chinese he drew strength from Cheung's "spirit of being true to oneself".
"He showed the [Chinese-speaking] world that gay people can be positive, bright and worthy of respect."
Born in 1962, Leslie Cheung was one of Hong Kong's most famous stars during the golden era of Cantopop in the 1980s.
He was dashing, stylish and fitted the public idea of a perfect heterosexual male lover. But in reality, he was in a long-term relationship with his childhood friend, Daffy Tong.
It was not an easy time to be gay. At that time, homosexuality was still viewed by many as an illness and abnormality in Hong Kong, especially after the emergence of the first local case of Aids in 1984. It was not until 1991 that adult gay sex was decriminalised in the territory.
"The LGBT movement in Hong Kong took off in the 1990s, when the community finally became visible to the public," Travis Kong, an associate professor of sociology researching gay culture at The University of Hong Kong, told BBC Chinese.
And it was at this point that Cheung became more daring in his work.
He first came to international attention with his portrayal of Cheng Dieyi, the androgynous Peking Opera star, for the film Farewell My Concubine, which won the Palme d'Or at Cannes in 1993.
He went on to star in Happy Together directed by Wong Kar Wai – a gay cinema classic about a couple who struggle to find a peaceful co-existence.
"Happy Together is different. It is a stereotypical heterosexual romance, but played by two men," said Kit Hung, a Hong Kong director.
Meanwhile, Christopher Doyle, the renowned cinematographer who worked with Cheung on various Wong Kar Wai films, told BBC Chinese: "He was so beautiful. We both wanted to convey through my lens the most beautiful, sincerest side of him.
"He enters our imagination audaciously… always showing us better possibilities."
On stage, Cheung unleashed a sexually fluid charm. His defining queer performance came in a 1997 concert where he danced intimately with a male dancer to his song Red. He wore a black suit with a pair of sparkling crimson high-heels.
At that concert he dedicated a classic love song to the two "loves of his life", his mother and his partner Daffy Tong. This is seen as the moment he came out of the closet. Cheung did not proclaim his sexuality as such, but confessed his love for a man.
"In the 1990s, at times a gay man was still called 'Aids man' and 'pervert'," says Mr Kong. "In a society so oppressive to the LGBT community, the coming out of such a renowned superstar had a huge effect on the general public."
Despite his success across Asia, there were many who did not appreciate this side of Cheung.
At the 1998 Hong Kong Film Awards, Happy Together was mocked by comedians, who described it as a film that would make the audience vomit. A music video he directed, featuring him topless with a male ballet dancer, was also censored by major local TV channel TVB.
In 2000 Leslie became the first Asian star to wear a tailor-made costume by French fashion master Jean-Paul Gaultier in a concert. With waist-length hair, clearly visible stubble and a muscular build, Cheung also wore tight transparent trousers and a short skirt.
He ended the concert with his self-revealing ballad I. "The theme of my performance is this: The most important thing in life, apart from love, is to appreciate your own self," he explained.
"I won't hide, I will live my life the way I like under the bright light" he sang. "I am what I am, firelight of a different colour."
But he was dismissed as a "transvestite", "perverted" or "haunted by a female ghost" in local media. He would dismiss that criticism as superficial and short-sighted.
He remains such an iconic figure in Hong Kong's awakening to LGBT issues that the Mandarin Oriental Hotel is even the first stop of a walking tour on the city's LGBT history.
It was from here that he jumped to his death on 1 April 2003 after a long struggle with depression. It was a shocking moment for the city, and a devastating moment for fans.
Tens of thousands turned out to bid him farewell and at the funeral, his partner Daffy Tong assumed the role traditionally preserved for the surviving spouse, a profound, public recognition of their relationship.
Never legally married, Mr Tong's was the first name listed on the family's announcement of Cheung's death, credited "Love of His Life".
Same-sex marriage or civil unions are still not legal in Hong Kong, but in the city's collective memory, Cheung and Tong are fondly remembered as an iconic, loving couple.
Hong Kong still lacks anti-discrimination laws protecting LGBT communities but queer identity and sexual fluidity are no longer so taboo and are part of the social landscape.
Last year a museum in Hong Kong held an exhibition "Ambiguously Yours: Gender in Hong Kong Popular Culture". The first exhibit visitors encountered upon entering the venue was a pair of sparkling crimson high-heels – the pair Cheung wore performing Red in 1997.
"The highest achievement for a performer is to embody both genders at the same time," Cheung once proclaimed: "For art itself is genderless."
If you are feeling emotionally distressed and would like details of organisations which offer advice and support, click here. In the UK you can call for free, at any time, to hear recorded information on 0800 066 066. In Hong Kong you can get help here.
Masters 2018: Patrick Reed wins at Augusta for first major title
American Patrick Reed wins his first major title with a one-shot win at the Masters, ahead of compatriot Rickie Fowler, with Rory McIlroy falling to joint fifth.
Meet the ‘fearless’ drag queens of Beirut
Performing queens and the growing gay scene in Lebanon.
N Korea-US talks: Pyongyang ‘ready to discuss denuclearisation’
North Korea has promised the US it is ready to discuss the future of its nuclear arsenal when the two nations' leaders meet, US officials say.
Preparations for the summit have included secret, direct talks with North Korea, Trump administration sources told CNN.
US and North Korean intelligence officials are said to have spoken many times, and met in a third country.
The unprecedented summit is slated to happen in May.
It will be the first time a sitting US president has met the leader of North Korea.
North Korea has already told South Korea it was prepared to address denuclearisation, but this is the first time assurances have been given to Washington directly.
Details of the leaders' summit, including the location, remain unclear. CNN's sources said that the North Koreans are pushing to have the meeting in their capital, Pyongyang, with Mongolian capital Ulaanbaatar another option.
Promises, but no guarantees
News of the talks between the US and North Korea surprised many when it broke in March
It followed a year of threats, personal insults and nuclear brinkmanship between their respective leaders.
It is not clear if Pyongyang accepts Washington's definition of denuclearisation, which for the White House means the end of its nuclear weapons programme.
The North has previously halted missile and nuclear tests during past talks, only to resume them when it lost patience or felt its demands were not being met.
As yet, North Korea has not broken its public silence to confirm the US summit is happening.
However, a series of meetings with overseas leaders suggest that preparations are indeed under way.
In late March, Mr Kim made his first known foreign trip since taking office in 2011 – to Beijing.
The visit, confirmed by China and North Korea, involved "successful talks" with President Xi Jinping, China's Xinhua news agency reported.
China is North Korea's main economic ally, and it was thought highly likely that Pyongyang would consult Beijing before holding summits with South Korea and the US.
- Trump keen to meet Kim after China talks
- Kim's concern for South Korean leader's welfare
- The political gamble of the 21st Century
Mr Kim is now expected to meet South Korea's President Moon Jae-in late April, on the heavily fortified Korean border.
South Korea has played a key role in brokering the proposed talks between the US and its northern neighbour.
Prostate cancer: Four in 10 cases diagnosed late, charity says
Four in 10 prostate cancer cases in the UK are diagnosed late, a study suggests.
The report by charity Orchid found a "worrying trend" of late diagnosis with 37% of prostate cancer cases diagnosed at stages three and four.
The report found one in four cases of prostate cancer was diagnosed in A&E.
In February figures showed the number of men dying from prostate cancer had overtaken female deaths from breast cancer for the first time in the UK.
With an aging population, the charity has called for urgent action to prevent a "ticking time bomb in terms of prostate cancer provision".
Orchid chief executive Rebecca Porta said: "With prostate cancer due to be the most prevalent cancer in the UK within the next 12 years, we are facing a potential crisis in terms of diagnostics, treatment and patient care. Urgent action needs to be taken now."
The report canvassed the opinion of the UK's leading prostate cancer experts and looked at previously published data to get a picture of the prostate cancer care across the UK.
The data came from organisations such as NHS England, charities and the National Prostate Cancer Audit.
The report says that 42% of prostate cancer patients saw their GP with symptoms twice or more before they were referred, with 6% seen five or more times prior to referral.
Prof Frank Chinegwundoh, a urological surgeon at Bart's Health NHS Trust said: "25% of prostate cancer cases in the UK are diagnosed at an advanced stage.
"This compares to just 8% in the US where there is greater public awareness of prostate cancer and greater screening," he added.
He said while there was controversy over the effectiveness of the standard PSA test used to detect the cancer, "it is still vital that patients are diagnosed early to assess if they need treatment or not as advanced prostate cancer is incurable".
The report also said there needed to be renewed efforts to develop better testing methods.
Prostate cancer symptoms
- prostate cancer is diagnosed by using the prostate specific antigen (PSA) test, biopsies and physical examinations
- there can be few symptoms of prostate cancer in the early stages, and because of its location most symptoms are linked to urination
- needing to urinate more often, especially at night
- needing to run to the toilet
- difficulty in starting to urinate
- weak urine flow or taking a long time while urinating
- feeling your bladder has not emptied fully
- men with prostate cancer can also live for decades without symptoms or needing treatment because the disease often progresses very slowly
The PSA test is available free to any man aged 50 or over who requests it, but the report said this can "create inequity" with tests being taken up by "more highly educated men in more affluent areas".
Prof Anne Mackie, director of programmes for the UK National Screening Committee, said the test was not offered universally because it was not very good at predicting which men have cancer.
"It will miss some cancers and often those cancers that are picked up when using the PSA test are not harmful," she explained.
"Treatment for prostate cancer can cause nasty side effects so we need to be sure we are treating the right men and the right cancers.
"There is a lot of research into screening and treatment for prostate cancer and the committee, along with NICE and the NHS, is keeping a close eye on the evidence as it develops," she added.
Entertainment3 months ago
These French Ice Dancers Had a Wardrobe Malfunction, but They Handled It Like Champs
Entertainment3 months ago
Shane Lynch for this week’s Ray D’Arcy Show
Entertainment4 months ago
NSFW: Kim Kardashian’s New Topless Selfies Are Not For the Faint of Heart
Body & Fitness4 months ago
Could this frighteningly realistic sex doll replace your girlfriend? (NSFW)
Sports3 months ago
North and South Korea March Together Under Same Flag at Opening Ceremony
Hot Gossip4 months ago
Ivanka Trump & Porn Star Stormy Daniels’ 8 Wildest Look-Alike Photos
Hot Gossip3 months ago
Take Me Out star Bonnie Stainer shed EIGHT stone before taking part in the dating show – after 16.5 stone weight made life ‘awful’
Business4 months ago
Porn star Stormy Daniels says Trump made Ben Roethlisberger ‘take care’ of her after sexual encounter