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Stories of Interest
- Bitcoin Blows Past $2,500, $2,600, and $2,700
- 7-Point Checklist for Financial Services Firms to Protect Against Cyber Attacks - Michael Chertoff
- Reflections from FINRA Annual Conference - FINRA CEO Robert Cook
- Wells Fargo Advisors Creates New Mutual Fund Class for Fiduciary Rule
- HUD Sec'y Ben Carson: ‘Poverty is a State of Mind’ - Sheesh!
- Toronto-Dominion Posts Q2 Profit
- Deutsche Bank, Barclays Euribor Traders' Trial Delayed to 2018
- U.K.'s May to Raise Intel Leaks With Trump as Ties at Risk
- Piper's Andrew Duff is New FINRA Governor, As Expected
- Deutsche Bank Said Near Fed Deal on Russia; DOJ Probe Looms
- Status of SEC Administrative Law Judges Still In Doubt Following Denver Appeals Panel Ruling
- First Advertiser Pulls Ads from Sean Hannity’s Fox News Show
- Fate of Elizabeth Warren’s CFPB to be Decided by Legal Showdown
- CME Chair and CEO Terrence Duffy Suffers Collapsed Lung (WSJ Subsc)
- Photos from Trump's Visit With Pope Francis at The Vatican
- U.K. Scolds U.S. ‘Friends’ For Leaking Manchester Bomb Intelligence
- Trump to Retain Private Attorney Marc Kasowitz in Russia Investigation
- Pope Asks Trump to be Peacemaker, Gives Him Environmental Letter
- Bitcoin Hits All-Time High Above $2,400
- 'Soup Nazi' Company Executive Indicted for U.S. Tax Evasion
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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?