Regulators reject Qatari-backed Deutsche Bank board member - sources
- Country:
- Germany
Deutsche Bank's regulators are blocking a banker backed by its largest shareholder, Qatar's royal family, from a seat on the supervisory board because of a conflict of interest, according to two people with knowledge of the matter.
The rejection is a further hiccup for the German lender, which has reshuffled management, is cutting thousands of jobs and closing down some businesses in an effort to make a profit.
Also Read: Estonia's interior minister calls for enquiry into banker's death
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- banker
- regulators
- Deutsche Bank
- royal family
- Qatar
- lender
- thousands
- German
Advertisement
ALSO READ
My belief aligns with BJP’s vision for India''s development: scion of erstwhile Mysuru royal family
Israel says Hamas hostage proposals "unrealistic", delegation to go to Qatar
Cease-fire talks with Israel and Hamas are expected to resume Sunday in Qatar
Soccer-Qatar captain Al-Haydos retires from international side
Soccer-Asian champions Qatar shift focus as World Cup preliminaries resume