Munich court to allow trial of Deutsche Bank co-CEO Fitschen
Reuters
Published Mar 02, 2015 09:31AM ET
Munich court to allow trial of Deutsche Bank co-CEO Fitschen
MUNICH (Reuters) - A German court has decided to try Deutsche Bank (DE:DBKGn) co-CEO Juergen Fitschen and four former executives at the bank in connection with the long-running Kirch bankruptcy case, a spokeswoman for the court said on Monday.
The court's decision to proceed with trial after months of deliberation, while widely expected, deals a blow to Fitschen and Germany's largest bank, which faces an array of legal problems, including investigations into possible manipulation of benchmark interest rates and foreign exchange markets.
A spokesman for Deutsche Bank said it was the company's policy not to comment on ongoing litigation. "The presumption of innocence applies to all former and current management board members," he said.
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Written By: Reuters
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