Deutsche Bank is not in advanced talks over frozen bonus payments, former board member Hugo Baenziger told Frankfurter Allgemeine Sonntagszeitung. Baenziger's remarks run counter to comments made by the bank's current chairman Paul Achleitner who said the lender was in talks to persuade former board members to make a financial contribution toward the costs of paying for the bank's involvement in past misconduct.
"What Achleiter is referring to, I do not know. Until the annual general meeting I had not been in contact with him for nine months," Baenziger was quoted as saying. Deutsche Bank's current and former board members have not been found guilty of personal misconduct.