Investment Banking

Deutsche Bank to take legal action over leaking of CEO appointment

Chairman announces legal duty over 'indiscretions' and confirms crisis-era board members will forfeit pay

Sunday 20 May 2018 at 09:24

Paul Achleitner, chairman of Deutsche Bank at its annual general meeting in Frankfurt
Paul Achleitner, chairman of Deutsche Bank at its annual general meeting in Frankfurt Photo: Getty Images

Deutsche Bank is to begin legal proceedings over the leaking of the appointment of Christian Sewing after the departure of former chief executive John Cryan.

In a speech to shareholders at the beleaguered bank's annual general meeting in Frankfurt on Thursday, chairman Paul Achleitner said the board had a duty to its shareholders and national regulations to do so.