Deutsche Bank Supervisory Board’s Thoma Faces Opposition: FAS
Source: BFW (Bloomberg First Word)
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DBK GR (Deutsche Bank AG)
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Alfred Herling (Deutsche Bank AG)
Georg Thoma (Shearman & Sterling LLP)
Henning Kagermann (Deutsche Akademie Der Technik)
Paul Achleitner (Deutsche Bank AG)
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UUID: 7947283
(Bloomberg) -- Deutsche Bank Deputy Supervisory Board Chairman Alfred Herling tells Frankfurter Allgemeine Sonntagszeitung he sees “overeagerness” of board member Georg Thoma, who heads the integrity committee.
Alert: HALISTER- Says Thoma pushes to broaden internal investigations, hires additional lawyers, creating costs that “aren’t proportionate”
- FAS says Deutsche Bank has paid double-digit million euros for lawyers involved in investigations, without saying how it obtained information, while bank hasn’t commented on costs
- Supervisory board member Henning Kagermann tells FAS “it’s important that Deutsche Bank eventually brings this chapter to a conclusion,” referring to internal probes
- Thoma may seek chairmanship of supervisory board, FAS says, citing unidentified “opponents”
- NOTE: Supervisory board’s Integrity committee monitors, analyzes bank’s legal and reputational risks
- Supervisory Board Chairman Paul Achleitner declines to comment to FAS; Thoma says there is no power struggle between him and Achleitner: FAS
- Deutsche Bank spokeswoman declines to comment to Bloomberg
- Thoma doesn’t immediately respond to e-mail from Bloomberg seeking comment outside normal working hours; Herling didn’t immediately respond to voice message by Bloomberg left on his mobile phone
- Link to story
Source: BFW (Bloomberg First Word)
Tickers
DBK GR (Deutsche Bank AG)
People
Alfred Herling (Deutsche Bank AG)
Georg Thoma (Shearman & Sterling LLP)
Henning Kagermann (Deutsche Akademie Der Technik)
Paul Achleitner (Deutsche Bank AG)
To de-activate this alert, click here
UUID: 7947283