4 at Bank in Germany Settle Case on Bonuses
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The chief executive of Deutsche Bank and three other directors were accused of improperly enriching the managers of a telecommunications company.
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Two more people have been arrested in an investigation of suspected embezzlement of company funds at Siemens bringing the total to six, Munich prosecutors said. The two worked at the internal audit and accounting unit of the electronics conglomerateÂs fixed-line communications division. Prosecutors say that the six people banded together to help commit breach of trust against Siemens by setting up secret funds outside Germany. Prosecutors said the embezzled amount could be more than 200 million euros ($255 million). They added that the money had not yet been tracked down.
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Retailer agrees to pay compensation to customers in move to end long-running price-fixing saga
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A court dropped its case against Deutsche Bank CEO Josef Ackermann and five others over a 2000 takeover battle, ending a legal saga that had weighed on the future of Germany's most prominent banker.
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Management and unions at Deutsche Telekom reached a compromise deal on Wednesday, ending their dispute -- and six weeks of strikes -- over a radical shake-up of the German telecom giant&#39;s services division.
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â¢American International Group, Inc. reported that AIG Financial Products Corp., a subsidiary, has reached an $80 million settlement with the Department of Justice concerning charges that stemmed from structured
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Most of the $126 million that American International Group paid to settle with regulators last year came out of a bonus pool for executives.
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HypoVereinsbank, Germany's second biggest bank, said it had agreed to buy a portfolio of loans to mid-size corporate customers from ING BHF-Bank, the German arm of Dutch financial services group ING.
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The German government agrees to a 1.5bn euros rescue package for struggling bank IKB.
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Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
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SAN FRANCISCO (CBS.MW) -- Deutsche Bank (DB) and Thomas Weisel Partners settled a Securities and Exchange Commission investigation into alleged conflicts of interest over the firms&#39; research and investment banking activities.
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The German airline Lufthansa AG said Wednesday it has reached a pay deal with its ground staff in Germany that includes a two-year wage freeze, an agreement that follows a similar deal with its pilots reached earlier this week.
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ERNST &amp; YOUNG, one of the four largest US accounting firms, has agreed to pay $125 million (Â£65 million) to settle claims arising from its audits of a failed Illinois savings bank, American regulators revealed on Christmas Eve.
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Allianz AG, Europe s largest insurer, will sell exchangeable and subordinated bonds worth about 4 billion euros ($5.2 billion) to boost capital, cut debt and reduce the company s investments in German equities.
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Germany's ruling coalition finally reaches a deal on funding healthcare after weeks of bitter argument.
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Deutsche Bank chief executive Josef Ackermann looks set to walk free in one of the biggest corporate trials in Germany after prosecutors agreed to drop charges in return for a multi-million-euro (dollar) settlement.
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German service union Verdi said on  Saturday it had agreed with Deutsche Lufthansa  a pay  deal giving around 42,000 ground and cabin crew in the Germn  airline a 3.4 percent increase in wages.