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Deutsche Bank Fires 2 Execs in Spying Probe: Report
Published: Tuesday, 21 Jul 2009 | 3:31 AM ET
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By: Reuters

Deutsche Bank fired two top executives after conducting an internal probe into whether the bank carried out surveillance on managers and a shareholder, the Wall Street Journal said, citing people familiar with the matter.

A Deutsche Bank spokeswoman in Hong Kong declined to comment on the report when contacted by Reuters.

Deutsche Bank stands accused of spying on a small group of managers and a critical shareholder, sources familiar with the internal probe told Reuters on Monday.

AP

Gerald Herrmann, a former supervisory board member, Michael Bohndorf, a critical activist shareholder, German media mogul Leo Kirch and Hermann-Josef Lamberti, the bank's chief operating officer, were targets of the surveillance, the Wall Street Journal added.

The Frankfurt prosecutor's office said on Monday that it was examining whether to launch a criminal investigation of possible breaches of data security at the bank.

Deutsche Bank shares closed flat.

Copyright 2009 Reuters. Click for restrictions.
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