The Deutsche Bank chairman spoke to his colleague, Alexander Schuetz, letting him know he found the content of the exchange unacceptable, according to people familiar with the discussion. Achleitner is due to speak to Schuetz again this week. After the exchange became public, Deutsche Bank took the unusual step of publicly rebuking Schuetz, calling the emails unacceptable in tone and content. While a supervisory board has the power to appoint and dismiss senior executives, its own members are voted in by shareholders at the general meeting. That raises the hurdle to remove members, whose role is to act as controlling council for the executive board. Schuetz joined the board in and his mandate is due to run until
Deutsche Bank's 5 biggest scandals
Deutsche Bank′s 5 biggest scandals | News | DW |
Speculation for months has swirled around the possibility that another company could take over the ailing bank—including rumors that the Industrial and Commercial Bank of China, a Chinese state-owned bank, might be interested. Trump has a long relationship with Deutsche Bank dating back to the early s. At the time, most US banks refused to loan money to Trump following his string of bankruptcies and Atlantic City failures. Once a powerful player in international banking, Deutsche Bank has paid out billions in settlements to both US and European regulators for its role in the financial crisis and other scandals.
With the shares valued at barely above one-third their tangible net worth an accounting measure of value that subtracts all liabilities from a firm's tangible assets , contrarian investors are surely wondering: Is Deutsche Bank a buy? In fact, I asked the same question two years ago, when the shares were near an eight-year low. My answer then was unequivocal:. Deutsche Bank's shares cannot be considered anything other than speculative: How can one expect to earn an "adequate return" on a stock investment when the underlying business appears incapable of doing so on behalf of common stockholders? But as we look forward, have the facts changed in a way that would warrant a change of mind?
The couple married a few years later. Her husband Andy Hubbard is a businessman. Since he is Managing Director at HausMart. Stephanie and Andy have three children , two sons- Harrison and Reese, and daughter Drew. They live in Manhattan.