A dispute has arisen on Deutsche Bank's supervisory board over what some members view as the bank's legal counsel's over-zealous response to scandals it has been embroiled in, Frankfurter Allgemeine Sonntagszeitung reported. Counsel Georg Thoma is responsible for co-ordinating responses by managers to regulators investigating the bank's role in interest rate-rigging and precious metals price-fixing scandals.
"He exaggerates when he demands ever wider (internal) investigations and ever more lawyers are deployed," the paper quoted deputy supervisory board head Alfred Herling as saying.
It quoted a second supervisory board member, Henning Kagermann, as saying: "Though all imaginable care has been taken, it is important for us that Deutsche Bank finally closes this chapter and looks to the future with full force again.".
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