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Monday, 2 March 2015

Deutsche Bank co-CEO Fitschen faces trial over Kirch case

Juergen Fitschen, co-CEO of Deutsche Bank AG, speaks during a shareholders meeting in Frankfurt 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.








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