Jul

Deutsche Bank Former Executives Waive Half Their Bonuses

Ten former and one incumbent executive board member of Deutsche Bank AG agreed to forfeit 38.4 million euros ($44.8 million) of outstanding bonus payments, drawing a line under almost two years of negotiations with the German lender related to misconduct fines.

Deutsche Bank said it won’t hold the management board members liable as part of the deal, which includes them receiving the remaining 31.4 million euros in unpaid bonuses, according to a statement Thursday from the lender. There’s insufficient evidence for actionable damage claims against the members, the bank said…

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Deutsche Bank Former Executives Waive Half Their Bonuses

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