Frankfurt (Reuters) – The management duo of Deutsche Bank closes despite the numerous scandals in Germany’s biggest money home for a resignation.
“The best thing I can do is to solve the problems of the bank and to optimize their performance, “said co-chief Anshu Jain of the” Frankfurter Allgemeine Sonntagszeitung “, according a preliminary report. For this, he was taken up as a co-CEO. “This mission is not yet over,” Jain said. Also Co-CEO Juergen Fitschen, who is currently in the process stands as a defendant Kirch in court, concluded in the interview a resignation from.
That in numerous lawsuits embroiled institution must adapt to a turbulent shareholders’ meeting on Thursday. Many large investors have heard grumbling because they are dissatisfied with the work of the leading duo and the new strategy presented. The influential US shareholder adviser ISS even suggested, does not relieve the board this year. In support of ISS referred to the recently sealed comparison in interest scandal, in which the Anglo-Saxon regulators also why a record $ 2.5 billion fine imposed because they attested the Bank management noncooperation in educating affair. In addition, the fraud trial was against Fitschen a burden.
The various scandals in investment banking could at the AGM cause “that the management does not receive the usual huge approval,” Jain admitted. “But I am confident that we have behind us the majority of shareholders,” said the former head of investment banking.
Fitschen rejected the allegation of fraud process. “I am thankful that I will soon get the opportunity to me to ask the questions of the Court and explain why the charges brought against me are unfounded allegations,” he said. The prosecution accuses Fitschen and four ex-directors to have lied to another court to block a multi-billion dollar claim for damages by media mogul Leo Kirch. The entrepreneur, who died in 2011 had made the bank responsible for the collapse of his empire.
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