FRANKFURT: Shares of European financial giant Deutsche Bank soared nearly 8 percent on the Frankfurt stock exchange Monday, the day after its co-chief executives announced they were resigning as the banking group faces a wave of scandals and missed profit targets.

Deutsche Bank shares on the DAX 30 index shot up 7.91 percent to 29.80 euros around 0705 GMT, with the overall market essentially flat.

Germany's largest lender is mired in around 6,000 different litigation cases and was last month fined a record $2.5 billion (2.2 billion euros) for its involvement in an interest rate-rigging scandal.

Copyright AFP (Agence France-Presse), 2015