Deutsche Bank faces heated AGM

Deutsche Bank

Deutsche Bank appears headed for another stormy shareholder meeting in three weeks' time following public squabbling in its supervisory board and the ejection of the board's member tasked with clearing up past scandals.

Reuters reports that the lender, struggling to extract itself from regulatory and legal tangles that have already cost it billions of dollars, announced late on Thursday the resignation Georg Thoma, a top financial lawyer who headed the supervisory board’s Integrity Committee.

Thoma's resignation comes days after a dispute in the supervisory board surfaced in a German newspaper over what some members viewed as Thoma's over-zealousness in tackling the scandals.

Weekly Frankfurter Allgemeine Sonntagszeitung had quoted deputy supervisory board head Alfred Herling as saying Thoma had demanded ever-wider internal investigations, involving increasing numbers of lawyers.

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Deutsche Bank faces heated AGM as board squabble escalates

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