Jain and Fitschen follow recent departures of Brady Dougan from Credit Suisse and Peter Sands from Standard Charter. In the U.S., most big banks have changed leadership since the financial crisis. One notable exception is Jamie Dimon at J.P. Morgan. That could be why he tied with Tim Cook as the most admired CEO among his Fortune 500 colleagues – he has managed to stay on the bucking bronco.

And speaking of co-CEOs, Fortune’s Adam Lashinsky profiles Oracle co-CEO Mark Hurd in our new Fortune 500 issue. Hurd was chased out of HP after his relationship with a marketing consultant surfaced, but has come back strong at the tech company. “I don’t think what I’m doing at Oracle has anything to do with redemption,” he says.

You can read the Hurd story here. Enjoy the day.

Top News

• GE in talks to sell assets to Ares

General Electric is reportedly in talks to sell almost half of its U.S. private-equity lending arm to Ares Management LP. GE is also close to selling billion in assets in the buyout lending unit to Canada Pension Plan Investment Board. A possible sale would mark the first sale of a major business since GE in April announced plans to unload about $200 billion of GE Capital assets.  Bloomberg

• Deutsche Bank CEOs to step down

The co-chief executives of embattled German banking giant Deutsche Bank are stepping down, a move that follows the bank's agreement less than two months ago to pay $2.5 billion to settle charges brought by U.S. and British authorities that it manipulated benchmark interest rates between 2005 and 2009. The bank has faced shareholder anger amid concerns over disappointing profit growth and restructuring plans.  USA Today

• Calpers severs ties with money managers

The California Public Employees’ Retirement System, or Calpers, intends to sever ties with roughly half of the firms handling its money, an aggressive move to reduce fees paid to Wall Street investment managers. Some external money managers that Calpers uses includes private-equity firms KKR & Co., Carlyle Group and Blackstone Group. And the move by Calpers to downsize could have broader ramifications beyond its own portfolio.  WSJ (subscription required)

• Airlines want more flight booking power

Delta and Lufthansa are among the major airlines that have generated headlines recently for their fairly aggressive moves to wean customers off booking flights on third-party websites. The move makes sense because airlines want to be able to offer their own fare packages, with their own add-ons and bundles. They also avoid paying fees to websites like Expedia in the process.  New York Times (subscription required)

Around the Water Cooler

• Investors get high on marijuana

Even with the sale of pot soaring last year, legal risks had kept some institutional investors away from the marijuana industry. But now, at least seven small financial firms are raising money to fund pot companies. And today, of the roughy 300 publicly traded cannabis companies, 40 raised a total of $95 million in 2014 and the first quarter of this year.  Fortune

• American Pharoah's CEO-level pay

Millions of dollars in annual pay sounds like the type of compensation package a Wall Street CEO can expect. But a speedy horse is expected to earn just as much. After American Pharoah (yep, that's correct) secured the Triple Crown, he could collect between $6 million to $7.5 million in stud fees every year for decades to come.  CNN Money

• How Red Hat CEO catalyzes direction

Red Hat CEO Jim Whitehurst seriously underestimated what it means to serve in that role when he joined the company in January 2008 after six years as chief operating officer at Delta Air Lines. “We are not ‘leaders,’ because we don’t have fiat power,” he told Fortune. “We catalyze direction.” He talked with Fortune about some themes that appear in his new book.  Fortune

5 things to watch in the week ahead

Apple WWDC, a TV-sized tablet and more — five things to watch in the week ahead. Today's story can be found here.