Deutsche Bank to possess former executives purchase past misconduct: chairman

(Reporting by Tom Sim cards and Arno Schuetze Editing by Maria Sheahan)

“The supervisory board expects that within the coming several weeks, you will see an agreement which helps to ensure that people involved create a substantial financial contribution,” Achleitner stated.

While no decision continues to be arrived at yet, he stated, discussions are advanced. He didn’t name names.

In the lender’s annual general meeting he told shareholders the supervisory board and 2 committees have been discussing the requirement for personal and collective responsibility for past deeds.

The financial institution has searched for extensive exterior legal counsel about this, he added.

Deutsche Bank expects former board people to pay for substantial sums for his or her role in misconduct that put Germany’s flagship loan provider into turmoil, supervisory board Chairman Paul Achleitner stated on Thursday.

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