Deutsche Bank wants to claw back bonuses from ex-CEO’s

‘Germany’s biggest lender Deutsche Bank is reportedly considering cancelling millions of euro in bonuses for former board members and demanding the repayment of current bonuses.
People familiar with the matter told Reuters a law firm had been looking through the contracts of former managers to discover whether the bank could refuse payment of frozen bonuses and get back the money it has already paid.
On Thursday, the Suddeutsche Zeitung daily reported that former CEOs Anshu Jain, Josef Ackermann and Jurgen Fitschen, along with three former board members would not get bonuses, which had been awarded but not paid out. The bank reportedly planned to first postpone the bonuses and then cancel them altogether.’
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