MUNICH/FRANKFURT (Reuters) - Deutsche Bank co-CEO Juergen Fitschen faces a lengthy trial connected to the Kirch bankruptcy after a court agreed to hear the case in a blow to one of Germany's most powerful bankers and a setback for its largest bank. The Munich district court on Monday decided to let the prosecution proceed with a trial of Fitschen and four former executives at the bank following months of deliberation. While widely expected, the prospect of a lengthy trial adds to legal headaches facing Deutsche, which plans to unveil a new strategy as early as the end of this month. A spokesman said it was Deutsche Bank's policy not to comment on ongoing litigation.
from Business News Headlines - Yahoo! News http://ift.tt/1DvH9gP
via IFTTT
No comments:
Post a Comment