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Stories of Interest
- Billionaire Investor John Paulson's Hedge Fund Is 'Rightsizing', And a Bunch of Senior Staff are Leaving
- 10 Years Ago a Wall Street Firm With $400Bn in Assets Collapsed. Why Bear Stearns Could Happen Again
- FINRA Disciplinary Actions for March 2018
- Ex-Deutsche Bank Trader Pleads Guilty Over Euribor Rigging
- SEC Proposes Transaction Fee Pilot for NMS Stocks
- FINRA Board of Governors Meeting - March 2018
- Winklevoss Twins Have a Plan to Police Cryptocurrency Trading
- Trump Picks Larry Kudlow as New Top Economic Adviser, Source Says
- A Decade On, Was Bear a Bad Deal for JPMorgan?
- Theranos, Its CEO and Former President Charged With Massive Fraud
- Wall Street's ‘Diva of Distressed’ Throws Her Funds Into Bankruptcy
- How a Former NBA #1 Draft Pick Went From $61Mn Fortune to Owing $157K
- Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits
- Trump Fires Secretary of State Tillerson - Picks CIA Director Pompeo
- Credit Karma, Pre-IPO FinTech Company, Violated Rule 701 Disclosure Requirements - SEC
- Goldman Sachs' Schwartz Retires, Paves Way for Solomon as Next CEO
- Damning Emails: Trump's Lawyer Used Trump Organization Email in Hush-Money Negotiations with Porn Star Stormy Daniels
- 'Pharma Bro' Martin Shkreli Sentenced to 7 Years In Prison - Says 'This is My Fault'
- FINRA Investor Alert: Lost Property - Don't Be Escheated Out of Your Savings or Investments
- Analyst Dick Bove Calls Possible Blankfein Exit from Goldman 'Wonderful' News
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NEWSLETTERS & ALERTS
Deutsche Bank Seeks Voluntary ‘Clawbacks’ from Former Directors
Might former Deutsche Bank board members have a shared responsibility for the bank’s past misconduct? And, if so, how much, if anything, should they be expected to pay?
At Thursday’s annual shareholders’ meeting, DB Chair Paul Achleitner said he expects former board members to voluntarily pay substantial sums for their role in past misconduct which has tarnished the reputation of Germany's biggest lender.
Without identifying anyone by name, DB’s supervisory board is reportedly in talks with some 10 people, including former co-CEOs Anshu Jain and Juergen Fitschen, along with ex-board members Stephan Leithner, Rainer Neske, Henry Ritchotte, Stefan Krause, and current board member Stuart Lewis.
While the Deutsche Bank licks its wounds and works hard to repair its damaged reputation, the bank also seeks answers to several critical questions:
- Why was the bank’s response to the financial crisis, starting in 2008, was so slow?
- Why was the bank involved in a series of financial scandals after the financial crisis?
- To what extent did the board, as a whole, contribute to the bank’s actions?