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Deutsche Bank wants former bosses to share past misconduct costs

Paul Achleitner said no decision had yet been reached, discussions were at an advanced stage

Reuters  |  Frankfurt 

Deutsche Bank 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, its chairman Paul Achleitner said on Thursday. Achleitner told shareholders at Deutsche Bank's annual general meeting that the supervisory board and two committees were discussing the need for personal and collective responsibility and the bank had sought external legal advice. "The supervisory board expects that in the coming months, there will be an arrangement which ensures that the ...

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First Published: Thu, May 18 2017. 21:17 IST