William Broeksmit, a retired Deutsche Bank AG risk executive who hanged himself at his London home in January, was “anxious” about probes at the lender, a doctor said in a report read at a coroner’s inquest.
Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry.
Deutsche Bank AG, Europe’s biggest investment bank by revenue, raised the total compensation of Anshu Jain and Juergen Fitschen by 53 percent each for their first full year as co-chief executive officers.
This time last year, the chairman and chief executive officer of Israel’s Teva Pharmaceutical Industries Ltd., the world’s biggest generic drugmaker, were foreigners. Miami billionaire Phillip Frost led the board and Jeremy Levin, a South African, was CEO. They were the first non- Israelis to hold those positions.
Deutsche Bank AG co-Chief Executive Officer Anshu Jain said he plans to deal with most of the bank’s legal costs by the end of the year, after the expenses contributed to lower pay for its investment bankers.
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth straight drop in first- quarter trading, a period of the year when the largest investment banks typically earn the most from that business.