News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

Ex-Deutsche Bank CEOs forgo millions in bonuses

Bank opts against pursuing damages over crisis-era penalties incurred under Josef Ackermann, Anshu Jain and Jürgen Fitschen

L-R: Former Deutsche Bank bosses Anshu Jain, Josef Ackermann and Juergen Fitschen
L-R: Former Deutsche Bank bosses Anshu Jain, Josef Ackermann and Juergen Fitschen Photo: Getty Images

Eleven former members of Deutsche Bank's management board have agreed to waive millions of euros in unpaid bonuses after the bank chose not to pursue them for damages over penalties it incurred on their watch.

The former staff include ex-chief executives Josef Ackermann, Anshu Jain and Jürgen Fitschen and former corporate and investment bank co-head Michael Cohrs.

WSJ Logo