Departing Deutsche Bank co-CEO Jain to work for free: media

June 14, 2015 8:59 AM

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Departing Deutsche Bank co-CEO Jain to work for free: media

FRANKFURT Deutsche Bank (DBKGn.DE) co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.

Jain did not want to financially burden the bank with his own, personal decision to quit, which followed a hailstorm of investor criticism, scandals, fines and investigations, reported the Frankfurter Allgemeine Sonntagszeitung.

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