N26 investors seek to replace chief executive with chair in boardroom bust-up
Backers hope to strike deal that would remove co-founders from executive roles at German online bank by year-end
Backers hope to strike deal that would remove co-founders from executive roles at German online bank by year-end

Appointment of Andreas Dombret is part of strategy to resolve conflict between investors and founders

Valentin Stalf to join supervisory board of Germany’s highest-valued fintech ahead of investor deal

Latest strictures add to pressure as fintech seeks to resolve a dispute between its founders and investors

Investors including Accel and Iconiq are also pressing for greater board representation for shareholders

Germany’s largest lender is set to unveil its latest strategy. A former Morgan Stanley banker will be in charge of implementing it

Hiring star bankers and letting them bring their own posse has had mixed results