Former Bertelsmann SE Chief Executive Officer Thomas Middelhoff faces a criminal probe by German prosecutors over suspicions he gave false testimony about the demise of the late Leo Kirch’s media group.
Zurich Insurance Group AG, Switzerland’s biggest insurer, said third-quarter profit rose 64 percent, beating analyst estimates, after a write-off related to its German business hurt earnings a year earlier.
Josef Ackermann tried to shake up Zurich Insurance Group AG. Now, allegations that he was partly responsible for the suicide of the chief financial officer are casting a shadow over his 35-year career.
Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen, already facing a tax evasion case, was added to suspects in a probe of former bank executives’ testimony in a lawsuit filed by Leo Kirch’s media group.
Zurich Insurance Group AG, Switzerland’s biggest insurer, said a probe into the suicide of Pierre Wauthier showed that no “undue pressure” was exerted on the chief financial officer before his suicide in August.