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Deutsche Bank AG shareholders should not sign off on management’s actions for the past year, an influential advisory firm recommended, citing ongoing legal investigations against the lender. Proxy adviser Glass Lewis listed probes against Deutsche Bank’s asset manager DWS Group and an unidentified management board member in connection with a tax evasion scheme known as cum-ex, a report published on Sunday said. It also cited a raid last week related to the bank’s reporting on potential money laundering. While Glass Lewis said it is “unaware of any substantial indications to suggest that management board members overwhelmingly failed to fulfill their duty to shareholders,”

Paul achleitnerAlexander wynaendtsStuart lewisOutgoing deutsche bankAegon nvDeutsche bankGlass lewisChristian sewingThe taipei times