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Journalists present at the Frankfurt meeting reported that critics piled in and proposed that the chairman should be removed.
The critical shareholders accused Achleitner of being involved in criminal activities, such as fraud, according to Tweets from journalists at the event.
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Deutsche Bank AG agreed to pay former executive Colin Fan roughly million to settle a lawsuit he filed over trades that bank lawyers concluded improperly earned him millions of dollars, according to people familiar with the settlement. trader, who is currently a star manager at hedge fund giant Brevan Howard, has been named in a U. court as an alleged co-conspirator in what prosecutors call a scheme to manipulate interest rates.
Deutsche Bank AG said Thursday net income in the first quarter declined 79% and that it will shrink its U. investment bank, the latest sign of struggle at the German lender, which this month replaced its CEO and reshuffled several other top executives.
Asian markets were broadly lower, following declines in the U. Meanwhile, some analysts trimmed their Tencent earnings estimates.
Intercontinental Exchange President Ben Jackson and ICE Data Services’ President and Chief Operating Officer Lynn Martin to Speak at the Eighth Annual Deutsche Bank Global Financial Services Conference on May 30 Deutsche Bank AG engages in the provision of corporate banking and investment services.