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Good morning from the newsroom of the Financial Times. Today is Thursday

November 29th and this is your FT news briefing. Today we'll be looking at more

turmoil at Deutsche Bank, the security of the UK and Germany's new 5G systems, and what Fed Chair Jay Powell

said to ease investor worries over rising interest rates.

Then the FT's Peter Campbell explains why UK car production is down and what's happening to the global car market.

I'm Eric Kruptky and here's the news you need to start your day.

There's more turmoil at Germany's biggest lender.

The head of Deutsche Bank's Investment Bank, Garth Ritchie, is facing renewed doubts over his future.

Mr. Ritchie's contract was extended for five years in September, but two people close to Deutsch's supervisory board told the FT that some are questioning if Mr. Ritchie is the right person for the job.

Mr. Ritchie is an equities banker and he was quickly promoted as his colleagues either left or were fired in recent years.

Mr. Ritchie runs the overall corporate and investment bank division and it only earned a 2% return on tangible equity.

That's a far cry from the 2021 group target, which is 10%.

Mr. Ritchie isn't the only one on Deutche's management board under pressure.

According to reports this week, the group's head of regulation, Sylvie Madera and

its America's boss, Tom Patrick, may also be heading for the door.

The UK and Germany are preparing auctions for licenses of 5G mobile technology,

and Chinese Telecoms Company, Huawei, has been a front-runner to build the first networks in both countries.

But US officials have warned the two countries to be vigilant against national security threats,

and the FT reports that officials from both countries

are growing increasingly wary of Huawei's potential involvement. The main US concern

...