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Deutsche Bank Loses Several Executives

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<i> Associated Press</i>

Deutsche Bank confirmed that Richard H. Daniel, who had been chief financial officer at Bankers Trust Corp. during an investigation of irregularities before the New York bank was acquired by the German bank, is leaving the company. Deutsche Bank said Daniel resigned “to pursue other interests.” But a source close to the situation, speaking on condition of anonymity, said he had been fired. Daniel could not be reached for comment. In addition, about a dozen other Bankers Trust officials will be let go this week, said Deutsche Bank spokeswoman Macy Egerton. She declined to confirm that the departures were related to Daniel’s. Deutsche Bank had said in a federal filing that it might fire Bankers Trust executives for failing to act appropriately in investigating an illegal funds transfer. But the company had also said that as many as 5,500 people could be let go in New York and London over the next three years as a result of the merger.

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