Deutsche Bank to Claw Back Stock Bonuses From Former Jobs

http://www.bloomberg.com/news/2012-08-27/deutsche-bank-to-claw-back-staff-s-stock-from-former-employers.html

Deutsche Bank AG (DBK), Europe’s biggest bank by assets, changed rules on bonuses to allow the company to claw back stock awarded to its workers by former employers.

The rules would apply to unvested stock from previous posts converted into shares of Deutsche Bank and affect senior bankers who started in or after January, Ronald Weichert, a spokesman for the Frankfurt-based lender, said today by phone.