Deutsche could see investors revolt at AGM

first_img Express KCS Thursday 7 May 2015 9:30 pm whatsapp Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrapcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game Online DEUTSCHE Bank is facing an uphill battle at its annual general meeting (AGM) later this month, as a new note from an influential adviser has urged investors to reject the German bank’s management board. ISS told Deutsche shareholders not to approve the board’s actions in 2014, citing its failings in the Libor rigging scandal and its co-chief executive’s involvement in a fraud trial. Deutsche Bank paid a record $2.5bn (£1.62bn) Libor fine last month, while co-chief executive Jurgen Fitschen appeared in court last week but denied the charges against him. Fitschen, along with fellow co-CEO Anshu Jain, have come under pressure to take some responsibility for the huge hits from Libor related fines.“The bank’s unsatisfactory risk management [of] Libor-related issues — including the level of co-operation with investigating bodies . . . directly led to larger penalties and thus larger losses for shareholders — for which the management board bears ultimate responsibility,” ISS wrote in a note printed in the Financial Times.Nevertheless, ISS also said that Deutsche Bank was not the only bank to encounter difficulties with regulators, adding that neither the bank’s management nor its supervisory board had been found to have “any knowledge of misconduct [in relation to Libor] at the time it was taking place.”The adviser added that Deutsche shareholders should not withhold their approval of the bank’s supervisory board, as many of its members joined after the Libor-related wrongdoing finished. Deutsche could see investors revolt at AGM Tags: NULLlast_img

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