Deutsche Bank to cancel bonuses for former executives: paper

Deutsche Bank will go back on its promises of bonuses made earlier to six former executives, German newspaper Süddeutsche Zeitung claimed on Thursday.

Those set to be affected include former Chief Executive Josef Ackermann and former co-Chief Executives Anshu Jain and Jürgen Fischen, according to information obtained by the newspaper which was translated from the original German.

The three others involved are said to be former board members Hermann-Josef Lamberti, Michael Cohrs and Hugo Bänziger, according to the newspaper.

The cancellation refers to bonuses which have not yet been paid and in total add up to a double-digit multimillion figure.

Deutsche Bank said nobody was immediately available to comment on the matter when contacted by CNBC.

Source: CNBC