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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

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.

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