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Deutsche Bank’s Schuetz Exits After Wirecard Trades Scrutiny (2)

March 11, 2021, 11:39 AM

Deutsche Bank AG supervisory board member Gerd Alexander Schuetz is stepping down after regulators began scrutinizing his trading in Wirecard AG and he told the failed payments company’s former chief executive officer to go after the Financial Times newspaper over its critical coverage of the company.

Schuetz will leave the bank following this year’s shareholder meeting on May 27, he said in an emailed statement late Wednesday. He initially joined the supervisory board as a representative for Chinese conglomerate HNA Group, which was once one of the bank’s largest investors before gradually selling the stake as it ran into debt ...

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