Deutsche Bank managers waive $45 million in bonus payments

FRANKFURT – Eleven Deutsche Bank executives who served during the financial crisis and afterwards have agreed to waive 38.4 million euros ($44.9 million) in bonuses to make amends for past misdeeds by the bank, the German lender said on Thursday. The agreement, reached between the bank’s supervisory board and 10 former and one current management board member, is one of the first of its kind at a major European bank in which bosses have collectively…

"Deutsche Bank managers waive $45 million in bonus payments"

Shareholder advisors call for special audit at Deutsche Bank

FRANKFURT – Advisory group Institutional Shareholder Services (ISS) called on Wednesday for an independent audit into the conduct of Deutsche Bank’s management in handling scandals that include the manipulation of Libor and Russian trades. Deutsche Bank, which has conducted its own investigation over poor conduct and has faced a litigation bill worth 15 billion euros ($16.37 billion), previously rebuffed requests for another audit and has urged investors to look to the future. It declined to…

"Shareholder advisors call for special audit at Deutsche Bank"