Deutsche Bank AG, continental Europe’s biggest bank, is asking investors to replace three non- bankers supervising its executives with finance and legal experts after litigation-related costs eroded profit last year.
Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
Deutsche Bank AG, continental Europe’s largest bank, proposed three new members for its supervisory board as Chairman Paul Achleitner seeks to boost the committee’s competencies in risk, finance and legal issues.
Deutsche Bank AG, the biggest bank in continental Europe, may consider increasing the salaries of management board members and senior staff to remain competitive after the European Union moved to cap bonuses.
Deutsche Bank isn’t currently in settlement talks with the family of deceased German entrepreneur Leo Kirch over the collapse of his media empire, co-CEO Juergen Fitschen said. * Fitschen spoke at extraordinary shareholder meeting in Frankfurt today * Fitschen says cost of meeting to confirm 2012 resolutions is about EU5m excl. internal expenses * NOTE: Investors called on Deutsche Bank supervisory board chairman Paul Achleitner to improve corporate governance at the lender to allow management to focus on boosting shareholder returns, investors said today
Paul Achleitner, the future chairman of Deutsche Bank AG’s supervisory board, will remain head of the Exchange Expert Commission, the Financial Times Deutschland reported, without saying where it got the information.
ING Groep NV, the biggest financial-services company in the Netherlands, said Dutch rules capping remuneration for top banking executives have created a gap with peers that threatens the lender’s prospects.
European Union rules that require a separation of the ownership of electricity generation from transmission hold back investments in renewable energy by institutional investors, Allianz SE finance head Paul Achleitner said.